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Accounting Finance
Accounting for Non-Accounting Managers.................... 10 Bank Management........................................................95
Management Control..................................................... 61
Undergraduate Taxation................................................ 49
Indexes
Author Index............................................................... 112
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CONTENTS
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ACCOUNTING
2013 Author ISBN Page
Introduction to Managerial Accounting, 6e Brewer 9780078025419 22
Essentials of Accounting for Governmental and Not-for-Profit Organizations, 11e Copley 9780078025457 53
Principles of Taxation for Business and Investment Planning: 2013 Edition, 16e Jones 9780078025488 49
McGraw-Hill’s Taxation of Individuals and Business Entites: 2013 Edition, 4e Spilker 9780078025464 50
Computer Accounting with Peachtree Complete 2012: Release 19.0, 16e Yacht 9780078025358 29
ACCOUNTING
2012 Author ISBN Page
Essentials of Advanced Financial Accounting Baker 9780078025648 39
iii
New Titles
ACCOUNTING
2012 Author ISBN Page
Fundamental Accounting Principles: Including International Financial Reporting Wild 9780071325509 5
Computer Accounting with Peachtree By Sage Complete Accounting 2011, Release Yacht 9780077505035 30
19.0, 15e
ACCOUNTING
2011 Author ISBN Page
Financial Accounting Theory, 2e [UK] Deegan 9780077126735 54
iv
New Titles
Financial Management: Text, Problems and Cases, 6e [India] Khan 9780071067850 73, 80
v
New Titles
vi
Accounting for Non-Accounting Managers..........................................................10
Accounting Information Systems.........................................................................37
Accounting Principles............................................................................................5
Accounting
Accounting Principles Supplements......................................................................9
Accounting Theory...............................................................................................54
Advanced Accounting..........................................................................................38
Advanced Managerial Accounting.......................................................................49
Auditing...............................................................................................................43
Auditing Practice Cases......................................................................................48
Computerized Accounting...................................................................................29
Corporate Financial Reporting............................................................................60
Cost Accounting / Cost Management..................................................................33
Cost Accounting Supplements............................................................................35
College Accounting..............................................................................................35
Financial Accounting...........................................................................................11
Financial Accounting Supplements.....................................................................21
Financial Statement Analysis..............................................................................56
Governmental / Non Profit...................................................................................53
Intermediate Accounting......................................................................................31
Intermediate Accounting Supplements................................................................33
International Accounting......................................................................................55
Management Control...........................................................................................61
Managerial Accounting........................................................................................22
Managerial Accounting Supplements..................................................................28
MBA Managerial..................................................................................................59
MBA Principles....................................................................................................60
Other Accounting.................................................................................................61
Survey of Accounting...........................................................................................58
Undergraduate Taxation......................................................................................49
1
New Titles
ACCOUNTING
2013 Author ISBN Page
Introduction to Managerial Accounting, 6e Brewer 9780078025419 22
Essentials of Accounting for Governmental and Not-for-Profit Organizations, 11e Copley 9780078025457 53
Principles of Taxation for Business and Investment Planning: 2013 Edition, 16e Jones 9780078025488 49
McGraw-Hill’s Taxation of Individuals and Business Entites: 2013 Edition, 4e Spilker 9780078025464 50
Computer Accounting with Peachtree Complete 2012: Release 19.0, 16e Yacht 9780078025358 29
ACCOUNTING
2012 Author ISBN Page
Essentials of Advanced Financial Accounting Baker 9780078025648 39
2
New Titles
ACCOUNTING
2012 Author ISBN Page
Fundamental Accounting Principles: Including International Financial Reporting Wild 9780071325509 5
Computer Accounting with Peachtree By Sage Complete Accounting 2011, Release Yacht 9780077505035 30
19.0, 15e
ACCOUNTING
2011 Author ISBN Page
Financial Accounting Theory, 2e [UK] Deegan 9780077126735 54
3
Accounting
4
Accounting
Accounting Principles ing concepts. In this revision, the authors have added to and refined
the coverage of International Financial Reporting Standards (IFRS),
particularly in Chapter 15 (“Global Business and Accounting”). Hall-
marks of the text—including the solid Accounting Cycle Presentation,
relevant pedagogy, and high quality, end-of-chapter material—have
been updated throughout the book.
5
Accounting
6
Accounting
CONTENTS Contents
1 Introduction to Accounting 1. Accounting in Business
2 Accounting for Business Transactions 2. Analyzing and Recording Transactions
3 Applying Double-Entry Accounting 3. Adjusting Accounts and Preparing Financial Statements
4 Preparing the General Journal and General Ledger 4. Completing the Accounting Cycle
5 Adjusting Accounts and Preparing Financial Statements 5. Accounting for Merchandising Operations
6 Closing Process and Financial Statements 6. Inventories and Cost of Sales
7 Fraud, Ethics, and Controls 7. Accounting Information Systems
8 Cash and Controls 8. Cash and Internal Controls
9 Employee Earnings, Deductions, and Payroll 9. Accounting for Receivables
10 Employer Payroll Tax Reporting 10. Plant Assets, Natural Resources, and Intangibles
11 Merchandise Sales and Accounts Receivable 11. Current Liabilities and Payroll Accounting
12 Merchandise Purchases and Accounts Payable 12. Accounting for Partnerships
13 Accrual Accounting Overview 13. Accounting for Corporations
14 Financial Statements and the Accounting Cycle 14. Long-Term Liabilities
15 Accounts Receivable and Uncollectibles 15. Investments and International Operations
16 Notes Receivable and Notes Payable 16. Reporting the Statement of Cash Flows
17 Inventories and Cost of Sales 17. Analysis of Financial Statements
18 Plant Assets, Natural Resources, and Intangibles 18. Managerial Accounting Concepts and Principles
19 Accounting for Partnerships 19. Job Order Cost Accounting
20 Corporate Formation and Stock Transactions 20. Process Cost Accounting
21 Corporate Earnings, Taxes, and Distributions 21. Cost Allocation and Performance Measurement
22 Long-Term Bonds 22. Cost-Volume-Profit Analysis
23 Cash Flow Reporting 23. Master Budgets and Planning
24 Financial Statement Analysis 24. Flexible Budgets and Standard Costs
25 Managerial Accounting Concepts and Principles 25. Capital Budgeting and Managerial Decisions
26 Departmental and Responsibility Accounting
27 Job Order Cost Accounting
28 Budgets and Standard Costing
29 Relevant Costing for Managerial Decisions
Appendix A: Financial Statement Information
Appendix B: Accounting Principles
Appendix C*: Capital Budgeting and Investment Decisions
Appendix D*: Time Value of Money
* Appendixes C and D are available on the book’s Website, mhhe.
com/wildCA, and as print copy from a McGraw-Hill representative
REVIEW COPY
(Available for course adoption only)
To request for a review copy,
contact your local McGraw-Hill
representatives or,
fax the Review Copy Request Form found
in this catalog or,
e-mail your request to
mghasia_sg@mcgraw-hill.com or,
submit online at www.mheducation.asia
7
Accounting
www.mhhe.com/edmonds/concepts
Contents
Chapter 1 Elements of Financial Statements
Chapter 2 Understanding the Accounting Cycle
Chapter 3 The Double-Entry Accounting System
Chapter 4 The Double-Entry Accounting System
Chapter 5 Accounting for Inventories
8
Accounting
9
Accounting
Invitation to Publish
McGraw-Hill is interested to review your
textbook proposals for publication.
Please contact your local McGraw-Hill office or
email to asiapub@mcgraw-hill.com.
10
Accounting
Financial Accounting textbook. Credit card revenues (interest income) are moved to the
nonoperating section, enabling the project solution for gross margin
percentages to agree to those identified in the Management Discus-
sion & Analysis section of the annual report. A multiple choice project
quiz is available in Connect.
11
Accounting
each individual student. The tone of the presentation is intentionally where reviewers noted that we needed mid-chapter exercises that
conversational – creating the impression of speaking with the student, provided a more comprehensive and meaningful review of key
as opposed to teaching to the student. chapter segments.
Common Mistakes boxes highlight mistakes made by financial IFRS boxes appear in select chapters and marginal notes are
accounting students throughout each of the chapters. With greater in the IFRS appendix (E) highlighting differences between GAAP
awareness of the pitfalls the average student will find in their first ac- and IFRS.
counting class, students can avoid making the same mistakes and
Marginal Accounting Equation Analyses clearly demonstrate
gain a deeper understanding of the chapter material.
the equality of the accounting equation, as well as the effects of the
The Flip Side feature demonstrates how various transactions transactions on the stockholders’ equity accounts. Marginal Equation
are viewed by each participant. Including the “flip side” of a transac- Analyses appear where there is no existing mini-financial statement
tion - in context - enhances the student’s understanding of both the display.
initial and the related transaction. Selected homework in the end-of-
Analysis Section comparing 2 well-known, publicly traded com-
chapter materials also includes the Flip Side transactions for students
panies, appears at the end of chapters 4-11. Chapter 12 provides a
to reinforce their understanding of this concept.
comprehensive financial analysis of UnderArmour and Nike.
Continuing Problem The story of Great Adventures progresses
Earnings Management Cases are included in chapters 5-12.
from chapter to chapter, encompassing the accounting issues of each
new chapter as the story unfolds. This progressive problem allows CONTENTS
students to see how each chapter’s topics can be integrated into the
operations of a single company. 1. Accounting Information and Decision Making
2. The Accounting Information System
Decision Maker’s Perspective Each chapter includes one or 3. The Financial Reporting Process
more distinctive Decision Maker’s Perspective sections, which offer 4. Cash and Internal Controls
insights into how the information discussed in the chapters affects 5. Receivables and Sales
decisions made by investors, creditors, managers, and others. Each 6. Inventory and Cost of Goods Sold
chapter also contains Decision Points highlighting specific decisions 7. Long-Term Assets
in the chapter that can be made using financial accounting informa- 8. Current Liabilities
tion. This feature competes directly with Kimmel’s Decision Toolkit. 9. Long-Term Liabilities
10. Stockholders’ Equity
Real World Focus Students learn best when they see how
11. Statement of Cash Flows
concepts are applied in the real world. For that reason, real-world
12. Financial Statement Analysis
examples from companies, such as Dell and Apple, are used ex-
Appendix A – Annual Report of American Eagle
tensively and routinely to enhance the presentation. The real-world
Appendix B – Annual Report of The Buckle
focus adds realism to discussions and serves as the foundation for
Appendix C – Time Value of Money
exercises, problems, and cases.
Appendix D – Investments
Strong Supplements Package The authors write all of the major Appendix E – International Financial Reporting Standards
supplements for Financial Accounting, including the Testbank, Solu- Appendix F— Additional Perspective cases and activities
tions Manual, and Instructor’s Manual. With iPod material, narrated
PowerPoints, online quizzing, Working Papers, Excel templates and
QuickBooks templates integrated into the end-of-chapter material,
Spiceland’s Financial Accounting provides the cutting-edge technol-
ogy demanded by today’s accounting instructors and students.
Unique End-of-Chapter Cases The Additional Perspectives sec- NEW *9780078025389*
tion of each chapter offers the most distinctive variety of case material
available in financial accounting textbooks. Cases and activities are
designed to allow students to apply the knowledge and skills they’ve FINANCIAL ACCOUNTING
learned in provocative, real or realistic situations. Each chapter offers
Information for Decisions,
an engaging mix of activities and opportunities to perform real-world
financial accounting analysis. 6th Edition
The Inventory (6) chapter has been edited to correspond with By John Wild, University of Wisconsin at
reviewer comments. The authors heavily revised Part B, “Recording Madison
Inventory Transactions,” to focus only on the perpetual system. (In
the body of the chapter, entries for periodic no longer appear side-
by-side with those for perpetual.) They also added a new Appendix
A, “Recording Inventory Transactions Using a Periodic System.” In
2013 (January 2012) / 744 pages
the new appendix, journal entries for periodic and perpetual appear
ISBN: 9780078025389
side-by-side, as they did in the body of the chapter in 1e.
www.mhhe.com/wildFA6e
The same content development editor (Ann Torbert, director
of development) who edited Kimmel’s Financial Accounting worked Contents
closely with the authors on every chapter of 2e. Ann worked with the Chapter 1: Introducing Accounting in Business
authors on every line, every illustration and every problem to ensure Chapter 2: Analyzing and Recording Transactions
we have market-leading material in every chapter. Chapter 3: Adjusting Accounts and Preparing Financial Statements
Concise Chart of Accounts appears in Ch. 2 and a full Chart of Chapter 4: Reporting and Analyzing Merchandising Operations
Accounts has been added to the inside back cover. Account titles Chapter 5: Reporting and Analyzing Inventories
used in text and EOC have been revised to be consistent with Chart Chapter 6: Reporting and Analyzing Cash and Internal Controls
of Accounts as well. Chapter 7: Reporting and Analyzing Receivables
Chapter 8: Reporting and Analyzing Long-Term Assets
Let’s Review exercises take the place of Stop and Go and Quick Chapter 9: Reporting and Analyzing Current Liabilities
Quiz features. These were changed in response to review feedback, Chapter 10: Reporting and Analyzing Long-Term Liabilities
12
Accounting
13
Accounting
14
Accounting
15
Accounting
16
Accounting
Appendix 10C Issuing Bonds between Interest Dates handy 8-page laminated fold-out reference tool packaged free with
Appendix 10D Leases and Pensions new copies of the text.
Chapter 11 Reporting and Analyzing Equity
New IFRS (International Financial Reporting Standards) Boxes:
Corporate Form of Organization
These boxes reflect recent developments in the business world that
Common Stock
are relevant to accounting practice and how IFRS may differ from
Dividends
current practices in the U.S. GAAP reporting.
Preferred Stock
Treasury Stock New Global View section: Financial accounting according to U.S.
Reporting of Equity GAAP is similar, but not identical, to IFRS. Towards the end of each
Decision Analysis—Earnings per Share, Price-Earnings Ratio, Divi- chapter, a new “Global View” section highlights international account-
dend Yield, and Book ing practices, including the similarities and differences for financial
Value per Share reporting under IFRS versus U.S. GAAP relating to topics covered
Chapter 12 Reporting and Analyzing Cash Flows within that chapter. Most chapters use GOME’s financial statements as
Basics of Cash Flow Reporting compared to Best Buy to illustrate the differences/similarities between
Cash Flows from Operating these financial reporting rules and concepts.
Cash Flows from Investing
Cash Flows from Financing New Feature Company: Students are provided relevant, real-
Decision Analysis—Cash Flow Analysis world companies as a resource tool and motivating force in learning
Appendix 12A Direct Method of Reporting accounting. Best Buy is the new feature company, which means that
Operating Cash Flows each chapter has selected assignments that require student to use,
Chapter 13 Analyzing and Interpreting Financial Statements analyze, or interpret its accounting data.
Basics of Analysis New Comparative Companies: For comparative purposes with
Horizontal Analysis Best Buy, students are provided the financial statements of Radi-
Vertical Analysis oShack. Assignments are included that ask students to compare
Ratio Analysis and interpret Best Buy, and RadioShack data. GOME, a Hong Kong
Decision Analysis—Analysis Reporting based-company, serves as a global comparison for Best Buy and
Appendix 13A Sustainable Income RadioShack Selected 2009 financial data for all three companies
Appendix A Financial Statement Information is included in end-of-book Appendix A. Each of these companies is
Nestlé integrated into the end-of-chapter material. Finally, Apple financial
Kraft Foods statements are also included along assignments for each chapter.
Adidas
Appendix B Time Value of Money B-1 NEW! McGraw-Hill’s Connect uses end-of-chapter material pulled
Glossary directly from the textbook to create static and algorithmic questions
Credits that can be used for practice, homework, quizzes, and tests. FA 5e
Index Connect also includes The Personal Learning Plan (PLP) that con-
Chart of Accounts nects each student to the learning resources needed for success in
the course. For each chapter, students: Take a practice test to initiate
the Personal Learning Plan; Immediately upon completing the prac-
tice test, see how their performance compares to chapter learning
objectives within chapters; Receive a Personal Learning Plan that
FINANCIAL ACCOUNTING recommends specific readings from the text, supplemental study
with IFRS Fold Out Primer, 5th Edition material, and practice work that will improve their understanding and
mastery of each learning objective. All new texts come bundled with
By John J Wild, University of Wisconsin at Madison
Connect Plus at no additional cost.
2011 (January 2010) / 736 pages
ISBN: 9780077408770 CONTENTS
www.mhhe.com/wild5e 1 Introducing Accounting in Business
2 Analyzing and Recording Business Transactions
FINANCIAL ACCOUNTING: Information for Decisions, 5th Edition ad-
dresses the topics and issues typically covered in Financial Account- 3 Adjusting Accounts and Preparing Financial Statements
ing while at the same time motivating student interest in accounting 4 Reporting and Analyzing Merchandising Operations
through the extensive use of entrepreneurial examples, application 5 Reporting and Analyzing Inventories
of analysis skills, integration of interactive tutorial software, and a 6 Reporting and Analyzing Cash and Internal Controls
highly engaging pedagogical design. This book thoroughly integrates 7 Reporting and Analyzing Receivables
ideas and practices followed by today’s business entrepreneurs, 8 Reporting and Analyzing Long-Term Assets
speaking more directly to students and better preparing them to 9 Reporting and Analyzing Current Liabilities
enter the workforce. 10 Reporting and Analyzing Long-Term Liabilities
11 Reporting and Analyzing Equity
New to this edition 12 Reporting and Analyzing Cash Flows
Integrated Apple iPod Content: Each chapter features icons 13 Analyzing and Interpreting Financial Statements
connecting course content with learning resources available for Appendix A: Financial Statements Information
download with the Apple iPod. Available downloads include audio- Appendix B: Applying Present and Future Values
only lectures, lecture slideshows, narrated lecture slideshows, and Appendix C: Investments and International Operations
educational videos. *Appendix D: Reporting and Analyzing Partnerships
*Appendix E: Reporting and Preparing Special Journals
New Presentation of Transaction Analysis: Identify – Analyze –
Record – Post: a more logical and simple presentation of transaction
analysis that students understand. The change from the forth edition
to this approach came directly from reviewer feedback.
New IFRS (International Financial Reporting Standards) Quick
Reference Guide: This reference toll sets the stage for IFRS map-
ping similarities and differences to GAAP for each text chapter in a
17
Accounting
18
Accounting
19
Accounting
consolidation accounting 29. The nature of limited companies and their capital
Ch 29. Further consolidation issues I: accounting for intragroup 30. The final financial statements of limited companies
transactions 31. Statement of cash flows
Ch 30. Further consolidation issues II: minority interests 32. The appraisal of company financial statements using ratio analysis
Ch 31. Further consolidation issues III: accounting for indirect interests Extra chapters available Online
Ch 32. Further consolidation issues IV: accounting for changes in the 33. UK accounting: institutional framework and standards
degree of ownership of a subsidiary 34. Changes in share capital
Ch 33. Accounting for equity investments 35. An introduction to consolidated financial statements
Ch 34. Accounting for interests in joint ventures 36. Value added tax, columnar books of prime entry and the payroll
Part 9--Foreign currency 37. The role of computers in accounting
Ch 35. Accounting for foreign currency transactions 38. Accounting for changing price levels
Ch 36. Translation of the accounts of foreign operations
Part 10--Corporate Social-Responsibility Reporting
Ch 37. Accounting for corporate social responsibility
International edition
FINANCIAL ACCOUNTING
INTRODUCTION TO FINANCIAL A New Perspective
ACCOUNTING By Paul E. Solomon
2004 / 768 pages
6th Edition
ISBN: 9780071217187 [IE with PowerWeb]
Andrew Thomas, University of Birmingham
2009 / 768 pages www.mhhe.com/solomon
ISBN: 9780077122805 CONTENTS
McGraw-Hill UK Title Chapter 1- Introduction to a Business: Cards & Memorabilia Unlimited
www.mcgraw-hill.co.uk/textbooks/thomas Appendix 1-1 Cards & Memorabilia Unlimited
Chapter 2- Analyzing the Transactions of a Business
The sixth edition of Introduction to Financial Accounting has been
fully revised and updated to provide comprehensive coverage of Chapter 3- Financial Statements and Their Relationships
accounting in the 21st century. Retaining its short, student-friendly Chapter 4- The Balance Sheet
chapters and practical approach, it’s an essential text for students Chapter 5- Using the Balance Sheet to Make Decisions
studying accounting for the first time. Chapter 6- The Income Statement
Chapter 7- Using the Income Statement to Make Decisions
Contents Chapter 8- The Statement of Cash Flows
Part 1: The basic framework of accounting Chapter 9- The Accounting Process: Manual and Computerized
1. Entities and financial reporting standards Systems Appendix 9-1 Learning How to Use T-Account Analysis
2. International accounting: institutional framework and standards Chapter 10- Comparing Financial Statements by Entity and Industry
3. The nature and objectives of financial accounting Appendix 10-1 Learning How to Read Consolidated Financial State-
4. Accounting principles, concepts and policies ments
5. The conceptual framework of accounting Chapter 11- How Operating Activities Affect Financial Statements
6. Auditing, corporate governance and ethics Chapter 12- How Investing Activities Affect Financial Statements
Part 2: Double-entry bookkeeping Appendix 12-1 Mastering Compound Interest Concepts (With Tables)
7. The accounting equation and its components Chapter 13- How Financing Activities Affect Financial Statements
8. Basic documentation and books of accounts Appendix 13-1 Measuring and Reporting Leases Appendix 13-2 Ac-
9. The general ledger counting for Deferred Income Taxes
10. The balancing of accounts and the trial balance Chapter 14- Applying What You Have Learned To Analyze the Gap
11. Day books and the journal Appendix 14-1 2001 Financial Information for the Gap, Inc. and for
12. The cash book The Limited, Inc. Appendix 14-3 Creating a Statement of Cash Flows
13. The petty cash book Appendix A Performance Objectives Appendix B Commonly Used
Part 3: Preparing final financial statements Account Titles Appendix C Transactions A 1 through Z for Cards &
14. The final financial statements of sole traders (in brief) Memorabilia Unlimited
15. Depreciation and non-current assets
16. Bad debts and provisions for bad debts
17. Accruals and prepayments
18. The preparation of final financial statements from the trial balance
Part 4: Internal control and check
19. The bank reconciliation statement
20. Control accounts
21. Errors and suspense accounts
22. Single entry and incomplete records
Part 5: Preparing final financial statements for manufacturing
entities
23. Inventory valuation
24. Financial statements for manufacturing entities
Part 6: Clubs
25. The final financial statements of clubs
Part 7: Partnerships
26. The final financial statements of partnerships
27. Changes in partnerships
28. Partnership dissolution and conversion to company status
Part 8: Companies
20
Accounting
Supplements
Supports all the major textbooks for financial accounting courses
21
Accounting
Managerial Accounting to the problem, showing the students each step of the process.
Appropriate chapters and problems include calculator keystroke
solutions in addition to formulas.
A Self Quiz and Study program allows students to evaluate their
performance through a practice test and then receive recommen-
dations for specific readings from the text, supplemental study
material, and practice work that will improve their mastery of each
Global edition learning objective.
Pre-built assignments are available to save you set up time.
NEW! Chapter Updates
NEW *9780078025419* Chapter 1 (Managerial Accounting and Cost Concepts) has been
rewritten to include coverage of mixed costs and contribution for-
mat income statements. The redundant coverage of the schedule
INTRODUCTION of cost of goods manufactured has been eliminated so that it is
now only covered in Chapter 2. The comparison of financial and
TO MANAGERIAL managerial accounting has been moved to the Prologue.
ACCOUNTING Chapter 2 (Job-Order Costing) has added a cost formula approach
6th Edition to computing predetermined overhead rates.
By Peter C Brewer, Miami University of Chapter 6 (Variable Costing and Segment Reporting: Tools for
Oh-Oxford, Ray H Garrison, Brigham Young Management) – the variable costing appendix has been expanded
University-Provo and Eric Noreen, University of to an entire chapter. The coverage of segmented income state-
Washington
ments has been moved to this chapter.
Chapter 8 (Flexible Budgets, Standard Costs, and Variance Analy-
2013 (January 2012) / 736 pages sis) combines material from two chapters in the previous edition.
ISBN: 9780078025419 It discusses flexible budgets and their application in service busi-
ISBN: GE ISBN unavailable at press time nesses. It also explains how standards can be used to separate
Introduction to Managerial Accounting, 6/e by Brewer/Garrison/ spending variances into quantity and price variances.
Noreen is based on the market-leading text, Managerial Accounting, Chapter 9 (Performance Measurement in Decentralized Organiza-
by Garrison, Noreen and Brewer. Brewer 6e is a briefer, more ac- tions) has been reorganized, moving the segmented income state-
cessible, and thoroughly student-friendly text that satisfies the basic ments to an earlier chapter and adding nonfinancial performance
needs of the managerial accounting student without unnecessary measures to the chapter.
depth on advanced topics associated with the follow-up course cost Chapter 12 (Statement of Cash Flows) has been completely
accounting/cost management. Faculty and students alike will find this
overhauled to simplify the process of creating a statement of cash
new edition has retained the hallmark features of the Garrison brand:
author-written supplements, excellent readability, terrific examples, flows and to expand the discussion of how to interpret the state-
and balanced end-of-chapter material. In addition, Connect Account- ment of cash flows.
ing for Brewer/Garrison/Noreen has been expanded with new learning NEW! “Helpful Hint” boxes are found several times throughout
resources for your students. each chapter and include a variety of common mistakes, key points,
and “pulling it all together” insights for students.
New to this edition
NEW! Each chapter now contains one “Foundational 15” exercise
McGraw-Hill’s Connect Accounting offers a number of powerful that includes fifteen “building-block” questions related to one concise
tools and features to make managing assignments easier, so you can set of data. These exercises can be used for in-class discussion or
spend more time teaching. Students can engage with their coursework as homework assignments. They are found before the Exercises and
anytime and anywhere, making the learning process more accessible are available in Connect Accounting.
and efficient. In short, Connect Accounting facilitates student learn-
ing and optimizes your time and energies, enabling you to focus on NEW! “Take Two” is a new end of chapter feature that provides a
course content, teaching, and student learning. second set of alternate numbers for selected exercises. The numbers
can be plugged into the exercise, thereby providing instructors an
Create and deliver online, auto-graded homework assignments,
option to work out the same exercise more than once during class,
quizzes, and tests directly from the end-of-chapter materials or
sometimes showcasing a much different variation in the solution to
test bank. Problems are available as both static and algorithmic
facilitate an additional learning opportunity. The alternate solutions
problems, and there are also multiple-choice conceptual questions.
can be found in the instructor’s solutions manual.
Students receive immediate, detailed feedback on their assign-
ments, allowing them to focus on the areas where they need NEW! “Applying Excel” is a new end-of-chapter feature that
improvement. provides students with an opportunity to build their own Excel work-
Questions mapped to AACSB and AICPA skill areas, Bloom’s sheets and formulas. Students are then asked “what if” questions in
Taxonomy levels, learning objectives, and difficulty level enable which they analyze how and why the related pieces of accounting
you to run reports that assess specific learning outcomes. data affect each other. This feature will also be integrated in Connect.
NEW! LearnSmart ensures your students are learning faster, study-
ing more efficiently, and retaining more knowledge. It pinpoints “Decision Point” boxes combine the “Decision Maker” and “You
concepts the student does not understand and maps out a person- Decide” boxes from previous editions into one feature that fosters
alized study plan for success. Based on students’ self-diagnoses critical thinking and decision-making skills by providing real-world
of their proficiency, LearnSmart intelligently provides students business scenarios that require resolution of a business issue. The
with a series of adaptive questions. This provides students with a suggested solution is located at the end of the chapter. (Example:
personalized one-on-one tutor experience. Shoe Store Manager, Chapter 9.)
NEW! Select key problems offer Guided Examples next to the Connect Plus Accounting. This packaging option combines all
assigned problems to show how to work through a similar prob- the great features of Connect Accounting, along with access to an
lem. Students can learn from this video to then solve their own online version of Introduction to Managerial Accounting, 6e, so that
assigned problems students can easily refer back to the text for review and guidance.
NEW! Interactive Presentations teach the core learning objectives This media rich e-book links directly to tutorials and online resources
of the text in a multimedia format, bringing the key concepts to life. and offers additional functionality like taking notes and highlighting
Detailed Feedback offers the option to present worked-out solutions key passages for reviewing later.
22
Accounting
23
Accounting
CONTENTS
MANAGERIAL ACCOUNTING About the Authors
An Asian Perspective Let Garrison be Your Guide
Powerful Pedagogy
By Ray H. Garrison, Eric Noreen, Peter Brewer, New Asian Content
Cheng Nam Seng (Singapore Management Instructor Supplements
University) and Katherine Yuen (Singapore Student Supplements
Management University)
Acknowledgments
Chap 1: Managerial Accounting and the Business Environment
Chap 2: Managerial Accounting and Cost Concepts
2011 (April 2011) / 888 pages Chap 3: Cost Behavior: Analysis and Use
ISBN: 9780071088015 Chap 4: Cost-Volume: Profit Relationships
An Asian Publication Chap 5: Variable Costing: A Tool for Management
Chap 6: Cost Allocation
www.mheducation.asia/olc/garrison
Chap 7: Activity-Based Costing: A Tool to Aid Decision Making
Managerial Accounting: An Asian Perspective builds on the founda- Chap 8: Systems Design: Job-Order Costing
tion of the market leading text, Managerial Accounting by Garrison, Chap 9: Systems Design: Process Costing
Noreen, and Brewer. It identifies the three functions managers must Chap 10: Profit Planning
perform within their organizations—plan operations, control activities,
Chap 11: Flexible Budgets and Performance Analysis
and make decisions—and explains what accounting information is
necessary for these functions, how to collect it, and how to interpret Chap 12: Standard Costs and Operating Performance Measures
it. Faculty and students alike will find this new edition has retained the Chap 13: Segment Reporting, Decentralization, and the Balanced
hallmark features: author-written supplements, excellent readability, Scorecard
terrific examples, and balanced end-of-chapter material. Chap 14: Relevant Costs for Decision Making
Chap 15: Capital Budgeting Decisions
Features Appendix A: Pricing Products and Services
Appendix B: Profitability Analysis
Change of Chapter Flow: The 2 chapters on Systems Design
(Chapter 3 Systems Design: Job-Ordering Costing and Chapter 4
Systems Design: Process Costing) are moved to chapters 8 and 9,
after the discussion on Activity-Based Costing. This change of chapter
flow would highlight Activity-based costing being an important founda- Global edition
tion that could be mixed with Job-order and Process costing methods
to form activity-based job costing and activity-based process costing. MANAGERIAL ACCOUNTING
New Chapter: Even with activity-based costing system, some 9th Edition
organization-level activities may still be allocated judgmentally. By Ronald W Hilton, Cornell University-Ithaca
Furthermore, cost allocations are problems that consume much of 2011 (October 2010) / 832 pages
management’s time to resolve. Therefore, this new edition highlights ISBN: 9780078110917
cost allocation in a new Chapter 6, moving it from 2 appendices (4B ISBN: 9780071220866 [GE] - Pub April 2011
& 12B) previously.
www.mhhe.com/hilton9e
New Asian companies, examples and cases are included in
The emphasis of Managerial Accounting, 9th edition is on teaching
In Business boxes and chapter opening Business Focus feature.
students to use accounting information to best manage an organiza-
Examples of Asian companies include Japan Airlines, Temasek Hold- tion. In a practice Hilton pioneered in the first edition, each chapter
ings, Bank of Thailand, Disney Hong Kong, Samsung Electronics etc. is written around a realistic business or focus company that guides
New frameworks and approaches are introduced as alternatives the reader through the topics of that chapter. Known for balanced
examples of Service, Retail, Nonprofit and Manufacturing companies,
to explain concepts and workings. Traditional workings/approaches
Hilton offers a clear, engaging writing style that has been praised
are retained to give instructors an option to continue their existing by instructors and students alike. As in previous editions, there is
method or adopt the alternative systematic approach. significant coverage of contemporary topics such as activity-based
costing, target costing, the value chain, customer profitability analysis,
and throughput costing while also including traditional topics such as
24
Accounting
25
Accounting
26
Accounting
CONTENTS
International edition
An introduction to management accounting
Chapter 1: Accounting and decision making in business INTRODUCTION TO MANAGERIAL
Cost and revenues for decision making ACCOUNTING
Chapter 2: Cost terms and concepts
5th Edition
Chapter 3: Short-term decision making: cost-volume-profit relation-
By Peter C Brewer, Miami University of Oh-Oxford, Ray H Garrison,
ships Brigham Young University-Provo and Eric Noreen, University of Wash-
Chapter 4: Relevant costs for decision making ington
Chapter 5: The principles of cost allocation: full costing 2010 (September 2009) / 672 pages
Chapter 6: Activity-based costing ISBN: 9780073527079
Chapter 7: Pricing, target costing and transfer pricing ISBN: 9780070181915 [IE]
Business planning and organizational control
Chapter 8: Profit planning and controlling: budgeting www.mhhe.com/brewer5e
Chapter 9: Standard costing and variance analysis Introduction to Managerial Accounting, 5/e by Brewer/Garrison/Noreen
Chapter 10: Long-term decision making: capital investment appraisal is based on the market-leading text, Managerial Accounting, by Gar-
Chapter 11: Strategic management accounting and the balanced rison, Noreen and Brewer. However, this is not simply a briefer book
scorecard with chapters removed; Brewer 5e has been rethought and retooled
Chapter 12: Performance measurement and management control in to meet the needs of the market. Brewer 5e is a more accessible,
segmented organizations yet thoroughly student-friendly text that satisfies the basic needs of
Chapter 13: Management control and business process improvement the managerial accounting student without unnecessary depth on
advanced topics associated with the follow-up course: cost account-
ing/cost management. Faculty and students alike will find this new
edition has retained the hallmark features of the Garrison brand:
author-written supplements, excellent readability, terrific examples,
and balanced end-of-chapter material.
27
Accounting
MANAGEMENT ACCOUNTING Chapter 11. Costing and Control of Administrative, Selling and Dis-
tribution Overheads
Revised Edition, 3rd Edition
Chapter 12. Activity Based Costing System
By Bill Neish, Macquarie University and Alan Banks, Grafton College of
TAFE Chapter 13. Job-Order, Batch and Service Costing
2010 (November 2010) / 672 pages Chapter 14. Process, Joint and By-Product Costing
Chapter 15. Variable Costing and Absorption (Full) Costing
ISBN: 9780070278448
Chapter 16. Volume-Cost-Profit Analysis
McGraw-Hill Australia Title Chapter 17. Budgeting and Profit Planning
www.mhhe.com/au/manacc3r Chapter 18. Standard Costs and Quality Costs
Chapter 19. Cost Variance Analysis
This revised edition of Management Accounting is an invaluable
Chapter 20. Revenue and Profit Variance Analysis
resource for students of Certificate IV Financial Services (Account-
ing), Diploma of Accounting and Advanced Diploma of Accounting Chapter 21. Responsibility Accounting
in the FNS10 financial services training package. Featuring a new Chapter 22. Short-Run Decision Analysis
user-friendly layout and writing style with updated revision exercises, Chapter 23. Capital Budgeting
this text is ideal for VET-level management accounting students.
KEY Features
Mapped to the relevant competencies of the FNS10 Financial
Services Training Package
User-friendly writing style and layout to increase readability
Managerial Accounting
A wealth of self-test questions, end-of-chapter review ques-
Supplements
tions and easy-to-follow examples to assist students with practice
and revision
Additional practice and review exercises are available on the
Online Learning Centre
SCHAUM’S OUTLINE OF MANAGERIAL
ACCOUNTING
Scope Revised 2nd Edition
The book is mapped to the relevant core and elective competen- By Jae K Shim, California State University and Joel G Siegel, Queens
College
cies of the FNS10 financial services training package and covers:
2012 (September 2011) / 384 pages
FNSACCT402B Produce job costing information—core unit for ISBN: 9780071762526
Certificate IV Financial Services (Accounting) A Schaum Publication
FNSACCT507B Provide management accounting information— Schaum’s Outline of Managerial Accounting mirrors the course in
core unit for Diploma of Accounting scope and sequence to help enrolled students understand basic
concepts and offer extra practice on topics such as cost classifica-
FNSACCT613B Prepare and analyse management accounting tions, income statements, balance sheets, analysis of cost behavior,
information—elective unit for Advanced Diploma of Accounting target income volume, margin of safety, break-even, and CVP analysis
assumptions. Coverage also includes the make-or-buy decision,
the sell-or-process-further decision, utilization of scarce resources,
standard costs, variance analysis, fixed overhead variances, transfer
pricing, and capital budgeting techniques.
MANAGEMENT ACCOUNTING 490 fully-solved problems
5th Edition
Information on costing, capital budgeting, quality, variances,
By MY Khan, University of Delhi and PK Jain, Indiana Institute of
Technology-Delhi and inventory
2009 Excellent preparation for the CPA, CMA, SMA, and CGA exams
ISBN: 9780070681965
Supports and supplements the leading textbooks in Managerial
McGraw-Hill India Title Accounting
This new edition provides a penetrating and comprehensive analysis
of the concepts, theories, and techniques in a simple lucid style in Appropriate for the following courses: Management Accounting,
the frame work of Indian business environment. The subject matter Cost Accounting, Accounting for Management, Managerial Accounting
of this volume is woven round the application of accounting informa-
Easy-to-follow review of managerial accounting
tion for decision making both about a firm and as well as by a firm.
Supports all the major textbooks for managerial accounting
Contents courses
Chapter 1. Nature of Management Accounting
Chapter 2. Generally accepted Accounting Principles and Account-
ing Standards
Chapter 3. Accounting Cycle and Statements of Financial Information
Chapter 4. Understanding Corporate Financial Statements and
Reports
Chapter 5. Cash Flow Statement
Chapter 6. Financial Statements Analysis
Chapter 7. Cost Concepts and Management Needs
Chapter 8. Costing and Control of Materials
Chapter 9. Costing and Control of Labour
Chapter 10. Costing and Control of Factory (Manufacturing) Over-
heads
28
Accounting
Computerized Accounting The text uses a highly effective three-step approach that aids stu-
dents in constructing their own customized learning based on what
they already know:
29
Accounting
30
Accounting
NEW *9780071328029*
INTERMEDIATE FINANCIAL REPORTING
An IFRS Perspective, 2nd Edition
By Nelson Lam and Peter Lau
2012 (March 2012) / 950 pages
ISBN: 9780071328029
An Asian Publication
Intermediate Financial Reporting: An IFRS Perspective, Second Edi-
tion explains the financial reporting concepts, accounting treatments
REVIEW COPY and requirements, and preparation and presentation of financial
statements encountered at the corporate or individual entity level by
(Available for course adoption only) using the most updated International Financial Reporting Standards
To request for a review copy, (IFRSs), including the latest IFRSs on financial instruments and fair
contact your local McGraw-Hill value measurement. This book is suitable for students, lecturers and
representatives or, practitioners. Students and lecturers should find this a good textbook
fax the Review Copy Request Form found for undergraduate and postgraduate intermediate and advanced
in this catalog or, accounting and financial reporting courses. Users and preparers
e-mail your request to of financial reports will find the concepts and explanations useful in
mghasia_sg@mcgraw-hill.com or, their daily work, and they can use the book as a guide in analysing,
submit online at www.mheducation.asia auditing and preparing their financial reports.
31
Accounting
CONTENTS Contents
About the Authors The Role of Accounting as an Information System
Preface Chapter 1. Environment and Theoretical Structure of Financial Ac-
1. Financial Reporting and International Financial Reporting Stand- counting
ards Chapter 2. Review of the Accounting Process
2. Conceptual Framework for Financial Reporting Chapter 3. The Balance Sheet and Financial Disclosures
3. Property, Plant and Equipment Chapter 4. The Income Statement and Statement of Cash Flows
4. Leases Chapter 5. Income Measurement and Profitability Analysis
5. Investment Property Chapter 6. Time Value of Money Concepts Economic Resources
6. Intangible Assets Chapter 7. Cash and Receivables
7. Borrowing Costs Chapter 8. Inventories: Measurement
8. Impairment of Assets Chapter 9. Inventories: Additional Issues
9. Inventories Chapter 10. Property, Plant, and Equipment and Intangible Assets:
10. Construction Contracts Acquisition and Disposition
11. Revenue Chapter 11. Property, Plant, and Equipment and Intangible Assets:
12. Employee Benefits Utilization and Impairment
13. Income Taxes Financial Instruments and Liabilities
14. Provisions and Contingencies Chapter 12. Investments
15. Financial Instruments — An Introduction Chapter 13. Current Liabilities and Contingencies
16. Financial Assets Chapter 14. Bonds and Long-Term Notes
17. Financial Liabilities and Derecognition Chapter 15. Leases
18. Financial Instruments — Presentation and Disclosure Chapter 16. Accounting for Income Taxes
19. Presentation of Financial Statements Chapter 17. Pensions and Other Postretirement Benefits
20. Accounting Policies, Changes in Accounting Estimates and Errors Chapter 18. Shareholders’ Equity
21. Events after the Reporting Period Additional Financial Reporting Issues
22. Non-current Assets Held for Sale and Discontinued Operations Chapter 19. Share-Based Compensation and Earnings per Share
23. The Effects of Changes in Foreign Exchange Rates Chapter 20. Accounting Changes and Error Corrections
24. Statement of Cash Flows Chapter 21. The Statement of Cash Flows Revisited
25. Fair Value Measurement Appendix A: Derivatives
Index Appendix B: Dell Annual Report
Appendix C: IFRS Comprehensive Case
International edition
INTERMEDIATE FINANCIAL REPORTING
INTERMEDIATE ACCOUNTING WITH An IFRS Perspective
BRITISH AIRWAYS ANNUAL REPORT By Nelson Lam and Peter Lau
6th Edition 2009 (October 2008) / 912 pages
By J David Spiceland, University of Memphis, James Sepe, Santa Clara ISBN: 9780071274241
University, Mark W Nelson, Cornell University-Ithaca and Lawrence A
Tomassini, Ohio State University An Asian Publication
2011 (March 2010) Intermediate Financial Reporting: An IFRS Perspective explains the
ISBN: 9780077395810 financial reporting concepts, accounting treatments and requirements,
ISBN: 9780071313988 [IE] and preparation and presentation of financial statements encountered
at the corporate or individual entity level by using the most updated
ISBN: 9780077395834 (Volume 1, Chapter 1-12) international financial reporting standards (IFRSs). This book also
ISBN: 9780077395827 (Volume 2, Chapter 13-21) contains several illustrative examples and real-life cases to help read-
ers digest and understand the IFRS. The real-life cases are sourced
www.mhhe.com/spiceland6e
from those countries and places that have adopted or permitted the
Rated the most satisfying textbook by students in independent re- use of IFRS, including Australia, China, Finland, France, Germany,
search, Spiceland/Sepe/Nelson’s Intermediate Accounting, 6th Edi- Hong Kong, Italy, the Netherlands, Singapore, the United Kingdom
tion, has the quality, flexibility, and attention to detail students need and some emerging markets such as the Russian Federation.
to master a challenging subject. It’s your Vehicle to Success in the
Intermediate Accounting course and beyond! Spiceland/Sepe/Nelson CONTENTS
provides a decision maker’s perspective to emphasize the profes-
sional judgment and critical thinking skills required of accountants About the Authors
today. Reviewers, instructors, and student users of Spiceland have Preface
enthusiastically embraced the relaxed, conversational writing style Part I Conceptual and Regulatory Framework
that engages students in an enjoyable and effective learning experi- 1 Financial Reporting and International Financial Reporting Standards
ence. In addition, accounting’s preeminent textbook website provides 2 Framework for International Financial Reporting
students a wide variety of electronic learning resources, including Part II Elements of Financial Statements--Assets
iPod content. Study Guide, Instructor’s Manual, Solutions Manual, 3 Property, Plant and Equipment
Testbank, and Website content are all created by authors, ensuring 4 Leases
seamless compatibility throughout the Spiceland learning package.
5 Investment Property
The end-of-chapter material is also written by the author team and
tested in their own classes before being included in Intermediate 6 Intangible Assets
Accounting. Few areas see the kind of rapid change that account- 7 Borrowing Costs
ing does, and the Spiceland team is committed to staying current. 8 Impairment of Assets
The sixth edition fully integrates all the latest FASB Standards, and 9 Inventories
the authors are committed to keeping you updated with all relevant 10 Construction Contracts
content changes throughout the edition. Part III Elements of Financial Statements--Liabilities, Equity,
Income and Expenses
32
Accounting
33
Accounting
4 Fundamentals of Cost Analysis for Decision Making Chapter 15: Operational Performance Measurement: Indirect Cost
5 Cost Estimation Variances and Resource-Capacity Planning
Cost Management Systems Chapter 16: Operational Performance Measurement: Further Analysis
6 Fundamentals of Product and Service Costing of Productivity and Sales Variances
7 Job Costing Chapter 17: The Management and Control of Quality, Six-Sigma,
8 Process Costing and Lean Accounting
9 Activity-Based Costing Part 4: Management-Level Control
10 Fundamentals of Cost Management Chapter 18: Strategic Performance Measurement: Cost Centers,
11 Service Department and Joint Cost Allocation Profit Centers, and the Balanced Scorecard (BSC)
Management Control Systems Chapter 19: Strategic Performance Measurement: Investment Centers
12 Fundamentals of Management Control Systems Chapter 20: Management Compensation, Business Analysis, and
13 Planning and Budgeting Business Valuation
14 Business Unit Performance Measurement
15 Transfer Pricing
16 Fundamentals of Variance Analysis
17 Additional Topics in Variance Analysis
18 Nonfinancial and Multiple Measures of Performance
Appendix: Capital Investment Decisions: an Overview International edition
COST MANAGEMENT
Strategies for Business Decisions, 4th Edition
By Ronald W Hilton, Cornell University-Ithaca, Michael W Maher,
University of California Davis and Frank Selto, University of Colorado-
International edition Boulder
COST MANAGEMENT 2008 (September 2007) / 960 pages
ISBN: 978 0071287999 [IE]
A Strategic Emphasis, 5th Edition
By Edward Blocher, University of NC-Chapel Hill, David Stout, Youngs- www.mhhe.com/hilton4e
town State University and Gary Cokins, Sas/Worldwide Strategy
Hilton/Maher/Selto (HMS) is for instructors who want to teach students
2010 (October 2009) / 928 pages to manage costs and not just account for costs. HMS maintains that,
ISBN: 9780073526942 “Costs don’t just happen,” and with a pro-active approach toward
ISBN: 9780071267489 [IE] costs, managers who understand cost implications as well as ac-
countants can add value to an organization. Hilton, Maher, Selto
www.mhhe.com/blocher5e focuses on having students learn to make decisions by the use of Cost
Cost Management: A Strategic Emphasis, by Blocher/Stout/Cokins is Management Challenges in the chapter opener, “You’re the Decision
the first cost accounting text to offer integrated coverage of strategic Maker” boxes throughout each chapter, and the “You’re the Decision
management topics in cost accounting. The text is written to help Maker” simulation on the text website.
students understand more about management and the role of cost
accounting in helping an organization succeed. This text aims to teach Contents
management concepts and methods, also to demonstrate how man- Part 1 Setting the Strategic Foundation: The Importance of Ana-
agers use cost management information to make better decisions and
lyzing and Managing Costs
improve their organization’s competitiveness. In teaching these key
management skills, the text takes on a strategic focus. It addresses 1.Cost Management and Strategic Decision Making Evaluating Op-
issues such as: How does a firm compete? What type of cost man- portunities and Leading Change
agement information is needed for a firm to succeed? How does the 2.Product Costing Systems: Concepts and Design Issues
management accountant develop and present this information? This 3.Cost Accumulation for Job-Shop and Batch Production Operations
text helps students learn why, when, and how cost information is used Part 2 Activity-Based Management
to make effective decisions that lead a firm to success. 4.Activity-Based Costing Systems
5.Activity-Based Management
Contents 6.Managing Customer Profitability
Part 1: Introduction to Strategy, Cost Management, and Cost 7.Managing Quality and Time to Create Value
Systems Part 3 Process Costing and Cost Allocation
Chapter 1: Cost Management and Strategy 8.Process-Costing Systems
Chapter 2: Implementing Strategy: The Value Chain, the Balanced 9.Joint-Process Costing
Scorecard, and the Strategy Map 10.Managing and Allocating Support-Service Costs
Chapter 3: Basic Cost-Management Concepts Part 4 Planning and Decision Making
Chapter 4: Job Costing 11.Cost Estimation
Chapter 5: Activity-Based Costing (ABC) and Customer Profitability 12.Financial and Cost-Volume-Profit Models
Analysis 13.Cost Management and Decision Making
Chapter 6: Process Costing 14.Strategic Issues in Making Long-Term Capital Investment Deci-
Chapter 7: Cost Allocation: Departments, Joint Products, and By- sions
Products 15.Budgeting and Financial Planning
Part 2: Planning and Decision-Making Part 5 Evaluating and Managing Performance Creating and
Chapter 8: Cost Estimation Managing Value-Added Effort
Chapter 9: Profit Planning: Cost-Volume-Profit (CVP) Analysis 16.Standard Costing, Variance Analysis, and Kaizen Costing
Chapter 10: Strategy and the Master Budget 17.Flexible Budgets, Overhead Cost Management, and Activity-
Chapter 11: Decision-Making with a Strategic Emphasis Based Budgeting
Chapter 12: Strategy and Long-Term Investment Analysis 18.Organizational Design, Responsibility Accounting, and Evaluation
Chapter 13: Cost Planning for the Product Life-Cycle: Target Costing, of Divisional Performance
Theory of Constraints (TOC), and Strategic Pricing 19.Transfer Pricing
Part 3: Operational-Level Control 20.Performance Measurement Systems
Chapter 14: Operational Performance Measurement: Sales, Direct- Glossary
Cost Variances, and the Role of Nonfinancial Performance Measures Photo Credits
34
Accounting
Bibliography
Company Name Index Cost Accounting
Subject Index
Supplements
International edition
COST ACCOUNTING SCHAUM’S OUTLINE OF COST
Principles and Applications, 7th Edition ACCOUNTING
By Horace R Brock, University of North Texas, Linda Herrington and La 3rd Edition
Vonda G Ramey of School Craft College By Ralph S Polimeni, Hofstra University
2007 (August 2006) / 704 pages 1994
ISBN: 9780071115605 [IE] ISBN: 9780070110267
www.mhhe.com/brock7e A Schaum Publication
Contents This powerful study guide includes all subjects found in the leading
Part 1 textbooks and parallels the full-year cost accounting courses most
schools offer. Also appropriate for solo study, this book makes the
Chapter 1 Monitoring Costs
complex concepts and techniques accessible through clear expla-
Chapter 2 Purchasing Materials nations and solved problems to provide a review and help students
Chapter 3 Storing and Issuing Materials master their skills.
Chapter 4 Controlling and Valuing Inventory
Chapter 5 Timekeeping and Payroll
Chapter 6 Charging Labor Costs into Production
Chapter 7 Departmentalizing Overhead Costs
Chapter 8 Setting Overhead Rates
Chapter 9 Applying Manufacturing Overhead
Chapter 10 Completing the Cost Cycle and Accounting for Lost
Materials
College Accounting
Part 2
Chapter 11 Process Cost System – Production Data and Cost Flow
Chapter 12 Average Costing of Work in Process
Chapter 13 Units Lost or Increased in Production
Chapter 14 First In, First Out (FIFO) Costing of Work in Process NEW *9780073396958*
Chapter 15 Accounting for By-Products and Joint Products
Part 3
Chapter 16 The Analysis of Cost Behavior
Chapter 17 Budgeting COLLEGE ACCOUNTING
Chapter 18 Standard Costs: Materials and Labor A Contemporary Approach,
Chapter 19 Manufacturing Overhead Standard Costs: Completing 2nd Edition
the Accounting Cycle for Standard Costs
Chapter 20 Cost-Volume-Profit Analysis By M David Haddock, Chattanooga State Tech,
Chapter 21 Analysis of Manufacturing Costs for Decision Making John Price, University of North Texas and
Chapter 22 Cost Accounting for Distribution Activities and Service Michael Farina, Cerritos College
Businesses
Chapter 23 Decision Making – Capital Investment Decisions
2012 (May 2011) / 528 pages
ISBN: 9780073396958
www.mhhe.com/haddock2e
The Haddock text features the successful author team Price et al. The
author team based A Contemporary Approach on the solid founda-
tion of the Price 12e textbook; however, in Haddock, the approach
has been modified to fit the needs of a growing number of College
Accounting instructors who teach the course without covering special
journals. These instructors feel that special journals are an unneces-
sarily complicated subject for such a basic course. By eliminating
special journal coverage, professors are free to focus on recording
Invitation to Publish
to the general journal and posting to the general ledger - the basic
bookkeeping functions that are so important to accountants in the real
world. Competing books have placed special journals in an appendix
McGraw-Hill is interested to review your (Slater) or tried to separate special journal coverage from general
journal coverage but retain both (McQuaig). Haddock is the only text
textbook proposals for publication.
on the market that eliminates special journal coverage completely (why
Please contact your local McGraw-Hill office or make students pay for material they will not learn in the course?). With
email to asiapub@mcgraw-hill.com. Haddock on the roster, instructor’s have a choice between a traditional
approach that fully integrates special journals into the text in a suc-
Visit McGraw-Hill Education (Asia) cinct and logical way (Price 12e) or a contemporary approach that
Website: http://www.mheducation.asia/publish/ focuses on the basics and is more in keeping with where the course
is headed in the future (Haddock 1e).
35
Accounting
CONTENTS
Chapter 1: Introduction to Accounting
2012 (May 2011) / 1136 pages Chapter 2: Accounting for Business Transactions
ISBN: 9780078025273 Chapter 3: Applying Double-Entry Accounting
ISBN: 9780077430627 (Chapters 1-13) Chapter 4: Preparing the General Journal and General Ledger
ISBN: 9780077430634 (Chapters 1-24) Chapter 5: Adjusting Accounts and Preparing Financial Statements
Chapter 6: Closing Process and Financial Statements
www.mhhe.com/price13e Chapter 7: Fraud, Ethics, and Controls
Overview: Price/Haddock/Farina has been a long-time market leader Chapter 8: Cash and Cash Controls
because of its readability and relevance. The book includes many Chapter 9: Employee Earnings, Deductions, and Payroll
real-world examples, high-interest problems and activities, in-text Chapter 10: Employer Payroll Tax Reporting
help and practice, and classroom-tested dynamic pedagogy. With Chapter 11: Merchandise Sales and Accounts Receivable
the addition of McGraw-Hill’s Connect Accounting, the new edition Chapter 12: Merchandise Purchases and Accounts Payable
includes more technology support than ever before.
Chapter 13: Merchandiser’s Purchases Adjustments and Trail Balance
Chapter 14: Merchandiser’s Financial Statements and the Closing
Contents
Process
1. Accounting: The Language of Business Appendix A: Financial Statements Information
2. Analyzing Business Transactions Appendix B: Accounting Principles
3. Analyzing Business Transactions Using T Accounts Appendix C via Web: Capital Budgeting and Investment Analysis
4. The General Journal and the General Ledger Appendix D via Web: Time Value of Money
5. Adjustments and the Worksheet
6. Closing Entries and the Postclosing Trial Balance
7. Accounting for Sales and Accounts Receivable
8. Accounting for Purchases and Accounts Payable
9. Cash Receipts, Cash Payments, and Banking Procedures
10. Payroll Computations, Records, and Payment
11. Payroll Taxes, Deposits, and Reports
12. Accruals, Deferrals, and the Worksheet
13. Financial Statements and Closing Procedures
14. Accounting Principles and Reporting Standards
15. Accounts Receivable and Uncollectible Accounts
16. Notes Payable and Notes Receivable
17. Merchandise Inventory
18. Property, Plant, and Equipment
19. Accounting for Partnerships
20. Corporations: Formation and Capital Stock Transactions
21. Corporate Earnings and Capital Transactions
22. Long-Term Bonds
23. Financial Statement Analysis
36
Accounting
37
Accounting
International edition
ENTERPRISE INFORMATION SYSTEMS
A Pattern-Based Approach, 3rd Edition
By Cheryl Dunn, Florida State University—Tallahassee, J. Owen Cher- REVIEW COPY
rington, Brigham Young Univeristy—Provo and Anita Sawyer Hollander,
University of Tennessee—Knoxville, Anita Hollander, University of Tulsa, (Available for course adoption only)
Eric Denna and Jay Owen Cherrington, and Brigham Young University To request for a review copy,
- Provo
contact your local McGraw-Hill
2005 / 544 pages representatives or,
ISBN: 9780071253192 [IE] fax the Review Copy Request Form found
CONTENTS in this catalog or,
e-mail your request to
Chapter 1: An Introduction to Integrated Enterprise Information mghasia_sg@mcgraw-hill.com or,
Systems submit online at www.mheducation.asia
Chapter 2: Representation and Patterns: An Introduction to the REA
38
Accounting
39
Accounting
6 Intercompany Inventory Transactions Chapter 18: Governmental Entities: Special Funds and Government-
7 Intercompany Transfers of Services and Noncurrent Assets wide Financial Statements
8 Multinational Accounting: Foreign Currency Transactions and Chapter 19: Not-for-Profit Entities
Financial Instruments Chapter 20: Corporations in Financial Difficulty
9 Multinational Accounting: Issues in Financial Reporting and Transla-
tion of Foreign Entity Statements
10 Partnerships: Formation, Operation, and Changes in Membership
11 Partnerships: Liquidation
12 Governmental Entities: Introduction and General Fund Accounting International edition
13 Governmental Entities: Special Funds and Government-wide
Financial Statements ADVANCED ACCOUNTING
10th Edition
By Joe Ben Hoyle, University of Richmond, Thomas Schaefer, University
of Notre Dame and Timothy Doupnik, University of South Carolina
2011 (March 2010) / 928 pages
International edition ISBN: 9780078136627
ISBN: 9780071327091 [IE]
ADVANCED FINANCIAL ACCOUNTING
9th Edition www.mhhe.com/hoyle10e
By Richard E Baker, Northern Illinois University, Valdean C Lembke, The approach used by Hoyle, Schaefer, and Doupnik in the new edi-
University of Iowa, Thomas E King, Southern Illinois University and tion allows students to think critically about accounting, just as they
Cynthia Jeffrey, Iowa State University will do while preparing for the CPA exam and in their future careers.
2011 (December 2010) / 1120 pages With this text, students gain a well-balanced appreciation of the
ISBN: 9780078110924 Accounting profession. As Hoyle 10e introduces them to the field’s
ISBN: 9780071289108 [IE] many aspects, it often focuses on past controversies and present
resolutions. The text continues to show the development of financial
www.mhhe.com/baker9e reporting as a product of intense and considered debate that continues
today and into the future. The writing style of the nine previous edi-
The Ninth Edition of Advanced Financial Accounting is an up-to-date, tions has been highly praised. Students easily comprehend chapter
comprehensive, and highly illustrated presentation of the accounting concepts because of the conversational tone used throughout the
and reporting principles and procedures used in a variety of business book. The authors have made every effort to ensure that the writing
entities. This edition continues to provide strong coverage of advanced style remains engaging, lively, and consistent which has made this
accounting topics, with clarity of presentation and integrated coverage text the market leading text in the Advanced Accounting market. The
based on continuous case examples. The text is highly illustrated Tenth Edition includes an increase integration of IFRS as well as the
with complete presentations of worksheets, schedules, and financial updated accounting standards.
statements so that students can see the development of each topic.
Inclusion of all recent FASB and GASB pronouncements and the
continuing deliberations of the authoritative bodies provide a current CONTENTS
and contemporary text for students preparing for the CPA Examina- 1 The Equity Method of Accounting for Investments
tion and current practice. This has become especially important given 2 Consolidation of Financial Information
the recent rapid pace of the authoritative bodies in dealing with major 3 Consolidations: Subsequent to the Date of the Acquisition
issues having far-reaching The book’s building block approach intro- 4 Consolidated Financial Statements and Outside Ownership
duces concepts with simple examples and then gradually introduces
5 Consolidated Financial Statements: Intercompany Asset Transac-
complexity, allowing students to easily keep pace with the material.
The key strengths of this text are the clear and readable discussions tions
of concepts and the detailed demonstrations of concepts through il- 6 Variable Interest Entities, Intercompany Debt, Consolidated Cash
lustrations and explanations. The many favorable responses to prior Flows, and Other Issues
editions from both students and instructors confirm our belief that 7 Consolidated Financial Statements: Ownership Patterns and
clear presentation and comprehensive illustrations are essential to Income Taxes
learning the sophisticated topics in an advanced accounting course. 8 Segment and Interim Reporting
9 Foreign Currency Transactions and Hedging Foreign Exchange Risk
Contents 10 Translation of Foreign Currency Financial Statements
Chapter 1: Intercorporate Acquisitions and Investments in Other 11 Worldwide Accounting Diversity and International Standards
Entities 12 Financial Reporting and the Securities and Exchange Commission
Chapter 2: Reporting Intercorporate Interests 13 Accounting for Legal Reorganizations and Liquidations
Chapter 3: The Reporting Entity and Consolidated Financial State- 14 Partnerships: Formation and Operations
ments 15 Partnerships: Termination and Liquidation
Chapter 4: Consolidation of Wholly Owned Subsidiaries 16 Accounting for State and Local Governments (Part I)
Chapter 5: Consolidation of Less-Than-Wholly-Owen Subsidiaries 17 Accounting for State and Local Governments (Part II)
Chapter 6: Intercompany Transfers Noncurrent Assets 18 Accounting and Reporting for Private Not-for-Profit Organizations
Chapter 7: Intercompany Inventory Transactions 19 Accounting for Estates and Trusts
Chapter 8: Intercompany Indebtedness
Chapter 9: Consolidation Ownership Issues
Chapter 10: Additional Consolidation Reporting Issues
Chapter 11: Multinational Accounting: Foreign Currency Transactions
and Financial Instruments
Chapter 12: Multinational Accounting: Translation of Foreign Entity
Statements
Chapter 13: Segment and Interim Reporting
Chapter 14: SEC Reporting
Chapter 15: Partnerships: Formation, Operation, and Changes in
Membership
Chapter 16: Partnerships: Liquidation
Chapter 17: Governmental Entities: Introduction and General Fund
Accounting
40
Accounting
FUNDAMENTALS OF ADVANCED inclusion of the sections on Joint Ventures in Chapters 6 and 7. This
book is written based on many years of teaching, research and practi-
ACCOUNTING cal experience. It adopts a professional approach and is presented
4th Edition in a step-by-step, easy-to-understand style. It contains more than 80
By Joe Ben Hoyle, University of Richmond, Thomas Schaefer, University illustrative examples and numerous problems for self-study.
of Notre Dame and Timothy Doupnik, University of South Carolina
2011 (April 2010) / 640 pages Topics Covered
ISBN: 9780078136634 Consolidated balance sheets (also referred to as consolidated
www.mhhe.com/hoyle4e statements of financial position), consolidated statement of com-
prehensive income, consolidated statement of changes in equity
Fundamentals of Advanced Accounting, 4/e is ideal for those schools
and consolidated statement of cash flows
wanting to cover 12 chapters in their advanced accounting course.
This brief yet concise text allows students to think critically about ac- Changes in shareholding interests
counting, just as they will do preparing for the CPA exam. With this Complex group structure
text, students gain a well-balanced appreciation of the Accounting Investment in associates
profession. The text continues to show the development of financial Investment in joint ventures
reporting as a product of intense and considered debate that con- Foreign subsidiaries, associates and joint ventures
tinues today and into the future as it originates from Hoyle’s big text Consolidation theory
Advanced Accounting. The writing style of the three previous editions Merger accounting
has been highly praised. Students easily comprehend chapter con-
cepts because of the conversational tone used throughout the book. CONTENTS
The authors have made every effort to ensure that the writing style Preface to the Second Edition
remains engaging, lively, and consistent which has made Hoyle the Preface to the First Edition
market leading franchise in the Advanced Accounting market. The
About the Author
Fourth Edition includes an increase integration of IFRS as well as
the updated accounting standards. Table of Statutes, Accounting Institutions and Accounting Standards
Chapter 1 Introduction
CONTENTS 1.1 What Are Consolidated Financial Statements?
1.2 Who Has to Present Consolidated Financial Statements?
1 The Equity Method of Accounting for Investments
1.3 Consolidation Procedures
2 Consolidation of Financial Information
1.4 Usefulness and Limitations of Consolidated Financial Statements
3 Consolidations: Subsequent to the Date of the Acquisition
1.5 Approaches Adopted in This Book
4 Consolidated Financial Statements and Outside Ownership
Chapter 2 Consolidation at the Date of Acquisition
5 Consolidated Financial Statements: Intercompany Asset Transac-
2.1 Introduction
tions
2.2 Combination of Accounts
6 Variable Interest Entities, Intercompany Debt, Consolidated Cash
2.3 Fair Value Adjustments
Flows, and Other Issues
2.4 Goodwill on Consolidation
7 Foreign Currency Transactions and Hedging Foreign Exchange Risk
2.5 Non-controlling Interest
8 Translation of Foreign Currency Financial Statements
2.6 Summary
9 Partnerships: Formation and Operations
Problems for Self-study 46
10 Partnerships: Termination and Liquidation
Chapter 3 Consolidation Subsequent to the Date of Acquisition
11 Accounting for State and Local Governments (Part I)
3.1 Introduction
12 Accounting for State and Local Governments (Part II)
3.2 Consolidated Statement of Comprehensive Income 5
3.3 Pre-acquisition and Post-acquisition Reserves
3.4 Intragroup Account Balances
3.5 Unrealized Intragroup Profits and Losses
3.6 Intragroup Dividend
3.7 Other Consolidation Adjustments
NEW *9780071312912* 3.8 New Rules for Non-Controlling Interest
3.9 Summary
Problems for Self-study
Chapter 4 Changes in Shareholding Interest and Other Specific
CONSOLIDATED FINANCIAL Issues
STATEMENTS 4.1 Introduction
2nd Edition 4.2 Changes in Shareholding Interest
4.3 Other Specific Issues
By Ng Eng Juan 4.4 Summary
Problems for Self-study
Chapter 5 Complex Group Structure
5.1 Introduction
5.2 Father-son-grandson Structure
2011 (August 2010) / 592 pages
5.3 Connecting Affiliation Structure
ISBN: 9780071312912
5.4 Cross Holdings
An Asian Publication 5.5 Summary
Consolidated Financial Statements (Singapore) is a comprehensive Problems for Self-study
guide to the preparation of consolidated financial statements in Sin- Chapter 6 Associates and Joint Ventures
gapore. It discusses consolidated financial statements in the context 6.1 Introduction
of the Singapore statutes and the Financial Reporting Standards 6.2 Associate: Definition
(FRS) issued by the Accounting Standards Council that are effec- 6.3 Equity Accounting: Basic Principles
tive as at 1 July 2009. In this second edition, the book has been 6.4 Difference between Cost and Underlying Net Assets
updated for the new requirements of two new FRS, namely FRS 27
6.5 Transactions between Parent and Associate
(2009) Consolidated and Separate Financial Statements and FRS
103 (2009) Business Combinations. The chapter arrangement in this 6.6 Impairment Loss
second edition is the same as that in the first edition, except for the 6.7 Changes in Shareholding Interest
41
Accounting
42
Accounting
Contents
Auditing Part 1 Introduction to Assurance and Financial Statement Au-
diting
Chapter 1 An Introduction to Assurance and Financial Statement
Auditing
Chapter 2 The Financial Statement Auditing Environment
International edition Part 2 Audit Planning and Basic Auditing Concepts
Chapter 3 Audit Planning, Types of Audit Tests, and Materiality
Chapter 4 Risk Assessment
NEW *9780078025440* Chapter 5 Evidence and Documentation
Part 3 Understanding and Auditing Internal Control
Chapter 6 Internal Control in a Financial Statement Audit
AUDITING & ASSURANCE Chapter 7 Auditing Internal Control over Financial Reporting
Part 4 Statistical and Nonstatistical Sampling Tools for Auditing
SERVICES Chapter 8 Audit Sampling: An Overview and Application to Tests of
5th Edition Controls
By Timothy J Louwers, James Madison Univer- Chapter 9 Audit Sampling: An Application to Substantive Tests of
sity, Robert J Ramsay, University of Kentucky- Account Balances
Lexington, David Sinason, Northern Illinois
University and Jerry R Strawser, Texas A&M Part 5 Auditing Business Processes
University-College Station Chapter 10 Auditing the Revenue Process
Chapter 11 Auditing the Purchasing Process
2013 (January 2012) / 896 pages Chapter 12 Auditing the Human Resource Management Process
ISBN: 9780078025440 Chapter 13 Auditing the Inventory Management Process
ISBN: 9780071318143 [IE] Chapter 14 Auditing the Financing/Investing Process: Prepaid Ex-
penses, Intangible Assets, and Property, Plant, and Equipment
(Details unavailable at press time) Chapter 15 Auditing the Financing/Investing Process: Long-Term
Liabilities, Stockholders’ Equity, and Income Statement Accounts
Chapter 16 Auditing the Financing/Investing Process: Cash and
Investments
Part 6 Completing the Audit and Reporting Responsiblities
NEW *9780077520151* Chapter 17 Completing the Audit Engagement
Chapter 18 Reports on Audited Financial Statements
Part 7 Professional Responsibilities
AUDITING & ASSURANCE Chapter 19 Professsional Conduct, Independence, and Quality Control
Chapter 20 Legal Liability
SERVICES Part 8 Assurance, Attestation, and Internal Auditing Services
8th Edition Chapter 21 Assurance, Attestation, amd Internal Auditing Services
By William F Messier, Georgia State University Professional Judgement Module (avaliable online on the text website
and Steven M Glover, Douglas F Prawitt of www.mhhe.com/messier8e)
Brigham Young University-Provo
Index
43
Accounting
Most chapters begin with an overview to set the stage. All chapters
International edition end with a takeaway summary of key points. Stuart’s writing style is
conversational and easy to read.
NEW *9780073404004* Exhibits
Features
Unique Topical Organization
International edition
Most auditing books are organized with the first half covering theory
and the second half covering how to audit an accounting cycle.
Stuart, however, introduces the applications of auditing before the
theoretical details and, in doing so, this text helps to retain student
NEW *9780077486273*
interest, understanding, and motivation in a traditionally dry and dif-
ficult subject area.
PRINCIPLES OF AUDITING
Non-Traditional Treatment of Sampling Chapters
AND OTHER ASSURANCE
The concepts of sampling, sampling and non-sampling risk, and SERVICES
statistical and non-statistical sampling have been retained, but the 18th Edition
sampling plans for internal control testing and substantive testing have
been written to expose students to sampling issues that they actually
will face in an audit. To further enhance this element, standardized By Ray Whittington, DePaul University/McGow-
worksheets and written examples collaborated on with the “Big Four” an Center, Kurt Pany, Arizona State University-
Tempe
CPA firms have been utilized to give students the most accurate real-
world experiences possible.
2012 (March 2011) / 864 pages
High Quality End-of-Chapter Assignment Material ISBN: 9780077486273 (with ACL Software CD)
ISBN: 9780071317139 [IE with ACL Software CD]
The end-of-chapter assignment material includes Review Questions,
Multiple Choice Questions from CPA Examinations, Discussion www.mhhe.com/whittington18e
Questions and Research Problems, Real-World Auditing Problems,
and Internet Assignments, all tied to the respective chapter’s key Whittington/Pany is our market leader in the auditing discipline. While
learning objectives. most textbooks use a cycles approach, Whittington/Pany enlists a
balance sheet approach – making it particularly straightforward and
Current and Comprehensive Standards user-friendly in addressing the auditing profession’s risk-based ap-
proach for financial statement audits as well as for integrated audits of
Stuart begins each chapter by noting the relevant standards from financial statements and internal control. The 18th edition covers the
the following sets: auditing standards for private companies, auditing latest auditing standards to meet the needs of the current marketplace.
standards for public companies, and international standards. The authors are well connected – both Ray Whittington and Kurt Pany
served as members of the Audit Standards Board, and Whittington
“Did You Know?” Features recently completed his term as President of the Auditing Section of
the American Accounting Association.
This pedagogical feature highlights real-world accounting scandals
to further engage students in ethical dilemmas and connect theory New to this edition
to practice. After each source document, Stuart asks the students
a relevant critical thinking question. The feature is integrated within The 18th edition has been thoroughly revised to reflect two very
the text so that students do not assume it is unimportant and skips it. major changes in auditing:
Chapter Overview and Chapter Takeaways 1) The AICPA’s “clarity project” which has resulted in complete revi-
44
Accounting
sion and recodification of the Auditing Standards Board’s standards of every chapter now include other objective format questions. A
(1) to make standards easier to read, understand, and apply, and number of these are “simulation” questions that meet the new criteria
(2) to converge those standards with the International Standards of for CPA exam inclusion. Others are brief, and yet consistent with the
Auditing to the extent considered desirable. Almost all outstanding new simulation approach. In addition, every chapter of the instructor’s
Statements on Auditing Standard were revised, with an effective date
test bank now includes one or more other objective format questions.
for audits of periods ending after December 15, 2012.
The clarity modifications presented force the CPA exam to up-
2) Modification of the CPA exam’s Auditing and Attestation section date its questions to reflect new terminology and requirements. We
content, including elimination of 2 “long” simulations on each exam have revised the text and instructor test bank questions to reflect
and replacement with 6-7 shorter, completely objective form simula- these changes.
tions.
Connect Accounting and Connect Plus Accounting – new to this
Modifications to Reflect Changes in the Auditing Standards: edition! Includes end-of-chapter, study guide, and test bank material.
The broad scope of the clarity project has resulted in changes to Contents
each chapter--some relatively minor, but others very major. Among
the most major clarity project changes are: 1. The Role of the Public Accountant in the American Economy
2. Professional Standards
Chapter 2: Professional Standards This chapter is rewritten to Appendix A International and U.S. Standards Comparison
reflect the Auditing Standards Board’s elimination of the longstand- 3. Professional Ethics
ing “ten generally accepted auditing standards”--that is, the three 4. Legal Liability of CPAs
general standards, three field work standards, and the four reporting 5. Audit Evidence and Documentation
standards. For purposes of AICPA professional standard coverage 6. Planning the Audit; Linking Audit Procedures to Risk
the chapter now discusses in detail the new Principles Underlying Appendix A Selected Internet Addresses
an Audit Conducted in Accordance with Generally Accepted Auditing Appendix B Examples of Fraud Risk Factors
Standards that replaced the ten standards. Yet, because the PCAOB Appendix C Illustrative Audit Case
standards continue to be structured about the ten standards, those 7. Internal Control
standards remain in place for public company audits and are also Appendix A Antifraud Programs and Control Measures
discussed in the chapter. In addition, coverage includes presentation 8. Consideration of Internal Control in an Information Technology
of the new “standard” audit report and modified reports. An appendix Environment
has been added to this chapter to compare major differences between 9. Audit Sampling
international and US standards. Appendix A Probability-Proportion-to-Size Sampling
Appendix B Audit Risk
Chapter 17: Auditors’ Reports. Changes in AICPA terminology
10. Cash and Financial Investments
reflected here better align U.S. GAAS with international standards.
11. Accounts Receivable, Notes Receivable, and Revenue
For example, an unqualified report is now an unmodified report; an
Appendix A Illustrative Audit Case
explanatory paragraph is now an emphasis of matter, an other matter
Appendix B Illustrative Audit Case
paragraph or a basis for modification paragraph; an audit involving
12. Inventories and Cost of Goods Sold
other auditors is now a group audit. But there have also been many
13. Property, Plant, and Equipment: Depreciation and Depletion
other changes, including changes in the standard audit report’s
14. Accounts Payable and Other Liabilities
wording and changes in requirements in a number of areas in which
Appendix A Illustrative Audit Cases
a report other than “standard” is issued.
15. Debt and Equity Capital
Chapter 19: Additional Assurance Services: Historical financial 16. Auditing Operations and Completing the Audit
Information. The clarity standards, following the international standard 17. Auditors’ Report
approach, use the term “financial reporting framework” to represent 18. Integrated Audits of Public Companies
the standards used to prepare historical financial information. In 19. Additional Assurance Services: Historical Financial Information
essence the “financial reporting framework” becomes the “suitable 20. Additional Assurance Services: Other Information
criteria” for historical financial information. This results in a number 21. Internal, Operational, and Compliance Auditing
of changes relating to this chapter, including elimination of “special
reports” and replacement with “special purpose financial reporting
frameworks.”
In addition, two other key changes include:
Chapter 19: Additional Assurance Services: Historical financial
Information. In addition to the Chapter 19 clarity changes, modification
of compilation and review standards are reflected in the chapter. This
area is of particular importance to students who plan to take the CPA
exam as the new content specification outline shows that the degree
of coverage of this area is significant.
Chapter 20: Additional Assurance Services: Other Information is
rewritten to reflect the fact that the nature of these other services is
evolving as at this point some services seem to have gained a degree Invitation to Publish
of market acceptance (e.g., SysTrust, PrimePlus/Elder Care) while
others have not (e.g., WebTrust). Additional new products such as McGraw-Hill is interested to review your
providing assurance relating to XBRL are discussed. textbook proposals for publication.
Please contact your local McGraw-Hill office or
Modifications to reflect CPA Exam Question Format Changes: email to asiapub@mcgraw-hill.com.
45
Accounting
46
Accounting
Contents UK Adaptation
Section 1 Fraud Cases: Violations of Accounting Principles
Case 1.1 Waste Management: The Matching Principle AUDITING & ASSURANCE SERVICES
Case 1.2 WorldCom: The Revenue Recognition Principle 2nd Edition
Case 1.3 Qwest: The Full Disclosure Principle By Aasmund Eilifsen, Norwegian Sch of Economics & Business Admin-
Case 1.4 Sunbeam: The Revenue Recognition Principle istration, William F Messier, University of Nevada Las Vegas, Steven M
Case 1.5 Waste Management: The Definition of an Asset Glover and Douglas F Prawitt of Brigham Young University-Provo
Case 1.6 Enron: The Revenue Recognition Principle 2009 / 720 pages
Case 1.7 WorldCom: The Matching Principle ISBN: 9780077122508
Case 1.8 The Fund of Funds: The Conservatism Constraint McGraw-Hill UK Title
Case 1.9 Qwest: The Revenue Recognition Principle
Case 1.10 The Baptist Foundation of Arizona: The Conservatism www.mcgraw-hill.co.uk/textbooks/eilifsen
Constraint Auditing & Assurance Services, Second International Edition com-
Case 1.11 WorldCom: The Definition of an Asset bines a genuine international perspective and relevant international
Section 2 Ethics and Professional Responsibility Cases regulatory requirements with a conceptual and systematic approach
Case 2.1 Enron: Independence to auditing. This fully up-to-date textbook provides students with the
Case 2.2 Waste Management: Due Care most current concepts of auditing and professional requirements.
Case 2.3 WorldCom: Professional Responsibility
Case 2.4 Enron: Quality Assurance Contents
Case 2.5 Sunbeam: Due Care PART I INTRODUCTION TO FINANCIAL STATEMENT AUDITING
Case 2.6 The Fund of Funds: Independence Chapter 1: An Introduction to Assurance and Financial Statement
Case 2.7 Bernard L. Madoff Investment and Securities: A Focus on Auditing
Auditors’ Legal Liability and Due Care Chapter 2: The Financial Statement Auditing Environment
Case 2.8 Enron: Audit Documentation PART II BASIC AUDITING CONCEPTS: RISK ASSESSMENT, MA-
Section 3 Fraud and Inherent Risk Assessment Cases TERIALITY, AND EVIDENCE
Case 3.1 Enron: Understanding the Client’s Business and Industry Chapter 3: Risk Assessment and Materiality
Case 3.2 The Baptist Foundation of Arizona: Related Party Transac- Chapter 4: Audit Evidence and Audit Documentation
tions PART III PLANNING THE AUDIT AND INTERNAL CONTROL
Case 3.3 WorldCom: Significant Business Acquisitions Chapter 5: Audit Planning and Types of Audit Tests
Case 3.4 Sunbeam: Incentives and Pressure to Commit Fraud Chapter 6: Internal Control in a Financial Statement Audit
Case 3.5 Qwest: Understanding the Client’s Business and Industry Chapter 7: Auditing Internal Control over Financial Reporting
Case 3.6 The Fund of Funds: Related Party Transactions PART IV STATISTICAL AND NON-STATISTICAL SAMPLING TOOLS
Case 3.7 Waste Management: Understanding the Client’s Business FOR AUDITING
and Industry Chapter 8: Audit Sampling: An Overview and Application to Tests of
Section 4 Internal Control Systems: Entity-Level Control Cases Controls
Case 4.1 Enron: The Control Environment Chapter 9: Audit Sampling: An Application to Substantive Tests of
Case 4.2 Waste Management: General Computing Controls Account Balances
Case 4.3 The Baptist Foundation of Arizona: The Whistleblower PART V AUDITING BUSINESS PROCESSES
Hotline Chapter 10: Auditing the Revenue Process
Case 4.4 WorldCom: The Internal Audit Function Chapter 11: Auditing the Purchasing Process
Case 4.5 Waste Management: Top-Side Adjusting Journal Entries Chapter 12: Auditing the Human Resource Management Process
Section 5 Internal Control Systems: Control Activity Chapter 13: Auditing the Inventory Management Process
Case 5.1 The Fund of Funds: Valuation of Investments Chapter 14: Auditing Financing Process: Prepaid Expenses and
Case 5.2 Enron: Presentation and Disclosure of Special-Purpose Property, Plant and Equipment
Entities Chapter 15: Auditing Financing Process: Long Term Liabilities, Stock-
Case 5.3 Sunbeam: Completeness of the Restructuring Reserve holders’ Equity and Income Statement Accounts
Case 5.4 Qwest: Occurrence of Revenue Chapter 16: Auditing Financing Process :Cash and Investments
Case 5.5 The Baptist Foundation of Arizona: Presentation and Dis- PART VI COMPLETING THE AUDIT AND REPORTING RESPON-
closure of Related Parties SIBILITIES
Case 5.6 Waste Management: Valuation of Fixed Assets Chapter 17: Completing the Engagement
Case 5.7 Qwest: Occurrence of Revenue Chapter 18: Reports on Audited Financial Statements
Appendix Company Cases PART VII PROFESSIONAL RESPONSIBILITIES
Case A.1 Enron Chapter 19: Professional Ethics, Independence and Quality Control
Case A.2 Waste Management PART VIII ASSURANCE, RELATED SERVICES AND INTERNAL
Case A.3 WorldCom AUDITING SERVICES
Case A.4 Sunbeam Chapter 20: Assurance, Related Services and Internal Auditing
Case A.5 Qwest
Case A.6 The Baptist Foundation of Arizona
Case A.7 The Fund of Funds
47
Accounting
AUDITING AND ASSURANCE SERVICES IN Ethics and the International Standards for the Professional Practice
of Internal Auditing) and the Strongly Recommended Guidance (such
AUSTRALIA as the Position Papers, Practice Advisories and Practice Guides).
4th Edition The book is a joint effort of academicians from Universiti Teknologi
By Grant Gay, Monash University and Roger Simnett, University of New MARA, Universiti Sains Malaysia, Universiti Malaysia Trengganu and
South Wales practitioners in internal auditing. The authors recognize that there is
2009 a need for more local and affordable books on internal auditing. In
ISBN: 9780070286740 this regard, the authors hope that their concerted efforts in writing
this book would contribute to promoting the significance of internal
McGraw-Hill Australia Title auditing and also encourage continuous professional development in
www.mhhe.com/au/gay4e this area. The authors also feel that they should share their knowledge
and experience on internal auditing to meet the motto of The Institute
Auditing & Assurance Services takes a business risk approach -the of Internal Auditors, “Progress Through Sharing”.
standard in audit practice that has been incorporated into both na-
tional and international auditing standards over the past five years.
Students are provided with a solid theoretical grounding in all aspects
of auditing, as well as insight into current challenges of the profession.
With a reputation built over several editions for timely, comprehensive
and accurate incorporation of auditing standards this edition contin-
ues the trend. The 4e is current with the revised Australian Auditing
Standards arising from the Clarity Project and enforceable from 1 Auditing Practice Cases
January 2010. Instructors can have confidence that students have
the advantage of being exposed to the framework that auditing firms
will be operating in from 2010.
Contents
Part 1 The Auditing And Assurance Services Profession International edition
Ch 1. Assurance & auditing: an overview
Ch 2. The structure of the profession PEACH BLOSSOM COLOGNE COMPANY
Ch 3. Ethics, independence and corporate governance 4th Edition
Ch 4. The legal liability of auditors By Jack W. Paul, Lehigh University
Part 2 Planning And Risk
2007 (December 2005) / 192 pages
Ch 5. Overview of elements of the financial report audit
ISBN: 9780073276595 (with CD)
process
Ch 6. Planning, understanding the entity and evaluating ISBN: 9780071259828 [IE with CD]
business risk Contents
Ch 7. Assessing specific business risks and materiality I. General Instructions and Preparations.
Ch 8. Understanding and assessing internal control II. Permanent File Materials.
Part 3 Tests Of Control And Tests Of Details 1. History and Background.
Ch 9. Tests of controls 2. Organizational Structure.
Ch 10. Substantive tests of transactions and balances 3. Internal Control.
Ch 11. Audit sampling 4. Chart of Accounts.
Part 4 Completion And Communication 5. Minutes of Board of Directors’ Meetings.
Ch 12. Completion and review III. Problem Assignments.
Ch 13. The auditor’s reporting obligations Assignment #1: Planning the Integrated Audit. Assignment #2: Cash.
Part 5 Other Assurance Services Assignment #3: Accounts Receivable and Credit Sales. Assign-
Ch 14. Internal auditing ment #4: Inventory and Purchases. Assignment #5: Property, Plant,
Ch 15. Audit and assurance services in the public sector and Equipment (Fixed Assets). Assignment #6: Accounts Payable
Ch 16. Other assurance services and advanced topics Processing and Unrecorded Liabilities. Assignment #7: Notes Payable
and Accrued Interest. Assignment #8: Completing the Audit.
IV. Current Year’s Working Trial Balance.
V. Prior Year’s Working Papers.
PRINCIPLES AND CONTEMPORARY ISSUES
IN INTERNAL AUDITING
By Puan Sri Datin Dr Mary Lee, Dr Hasnah Haji Haron, Dr Ishak Ismail,
Dr Mohd. Hassan Che Haat, Norlela Zaini, Tong Seuk Ying, Lok Char
Lee and Mohd, Farook Nasar
2009 (June 2009) / 356 pages
ISBN: 9789833850679
An Asian Publication
This book provides readers with an overview of the latest develop-
ments and various contemporary and contentious issues in internal REVIEW COPY
auditing. It gives a good understanding on the role and responsibilities (Available for course adoption only)
of an internal auditor as one of the governance partners and value-
adders in an organization. It highlights the importance of the internal To request for a review copy,
auditing function in risk management, controls and governance. With contact your local McGraw-Hill
the latest amendments issued under Para 15.18 of Bursa Malaysia’s representatives or,
(Amended) Listing Requirements on 31 January, 2008, mandating fax the Review Copy Request Form found
internal audit function for all public-listed companies, there is a need in this catalog or,
for greater understanding of the internal audit function as one of the e-mail your request to
means of safeguarding shareholders’ interests. This book also incor- mghasia_sg@mcgraw-hill.com or,
porates the new IIA’s International Professional Practices Framework submit online at www.mheducation.asia
(IPPF) which includes the Mandatory Guidance (such as the Code of
48
Accounting
Accounting
NEW *9780077434045*
TAXATION OF BUSINESS ENtities
International edition 2013 Edition, 4th Edition
By Brian Spilker, Brigham Young Univesity, Benjamin C Ayers, Univer-
accounting for decision-making and sity of Georgia, John Robinson, University of Texas at Austin, Edmund
Outslay, Michigan State University, Ronald G Worsham and John A
control Barrick of Brigham Young university and Constance Weaver, Texas A&M
7th Edition University
By Jerold Zimmerman, University of Roch 2013 (April 2012) / 640 pages
2011 (January 2010) / 608 pages ISBN: 9780077434045
ISBN: 9780078136726 (Details unavailable at press time)
ISBN: 9780071289641 [IE]
www.mhhe.com/zimmerman7e
Accounting for Decision Making and Control provides students and
managers with an understanding appreciation of the strengths and
limitations of an organization’s accounting system. This book provides
a framework for thinking about accounting systems and a basis for
analyzing proposed changes to these systems. The Seventh Edition
NEW *9780077434113*
demonstrates that managerial accounting is an integral part of the
firm’s organizational architecture, not just an isolated set of compu- McGraw-Hill’s TAXATION OF
tational topics. The purpose of this text is to provide students and INDIVIDUALS
managers with an understanding and appreciation of the strengths
and limitations of an organization’s accounting system, thereby allow- 2013 Edition, 4th Edition
ing them to be more intelligent users of these systems. The main pur- By Brian Spilker, Brigham Young Univesity, Benjamin C Ayers, Univer-
pose proposed by the author remains in tact for the Seventh Edition. sity of Georgia, John Robinson, University of Texas at Austin, Edmund
Outslay, Michigan State University, Ronald G Worsham and John A
Barrick of Brigham Young university and Constance Weaver, Texas A&M
Contents University
Chapter 1) Introduction 2013 (April 2012) / 736 pages
Chapter 2) The nature of costs ISBN: 9780077434113
Chapter 3) Opportunity cost of capital and capital budgeting
(Details unavailable at press time)
Chapter 4) Organizational architecture
Chapter 5) Responsibility accounting and transfer pricing
Chapter 6) Budgeting
Chapter 7) Cost allocation: Theory
Chapter 8) Cost allocation: Practices
49
Accounting
50
Accounting
51
Accounting
13. The U.S. Taxation of Multinational Transactions 5. Gross Income and Exclusions
14. Transfer Taxes and Wealth Planning 6. Individual Deductions
Appendix A: Tax Forms 7. Individual Income Tax Computation and Tax Credits
Appendix B: Tax Terms Glossary Part III: Business and Investment–Related Transactions
Appendix C: Comprehensive Tax Return Problems 8. Business Income, Deductions, and Accounting Methods
Appendix D: Code Indices 9. Property Acquisition and Cost Recovery
10. Property Dispositions
11. Investments
Part IV: Specialized Topics
12. Compensation
McGraw-Hill’s TAXATION OF 13. Retirement Savings and Deferred Compensation
individuals and BUSINESS ENtities 14. Tax Consequences of Home Ownership
2012 Edition, 3rd Edition Part V: Entity Overview and Taxation of C Corporations
15. Entities Overview
By Brian Spilker, Brigham Young Univesity, Benjamin C Ayers, Univer-
sity of Georgia, John Robinson, University of Texas at Austin, Edmund 16. Corporate Operations
Outslay, Michigan State University, Ronald G Worsham and John A 17. FASB ASC Topic 740: Income Taxes
Barrick of Brigham Young university and Constance Weaver, Texas A&M 18. Corporate Taxation: Nonliquidating Distributions
University 19. Corporate Taxation: Formation, Reorganization, and Liquidation
2012 (April 2011) / 1264 pages Part VI: Taxation of Flow-Through Entities
ISBN: 9780078111068 20. Forming and Operating Partnerships
www.mhhe.com/spilkercomp2012 21. Dispositions of Partnership Interests and Partnership Distributions
22. S Corporations
McGraw-Hill’s Taxation Series continues to provide a unique, in- Part VII: Multijurisdictional Taxation and Transfer Taxes
novative, and engaging learning experience for students studying 23. State and Local Taxes
taxation. The breadth of the topical coverage, the storyline approach
24. The U.S. Taxation of Multinational Transactions
to presenting the material, the emphasis on the tax and nontax
consequences of multiple parties involved in transactions, and the 25. Transfer Taxes and Wealth Planning
integration of financial and tax accounting topics make this book ideal Appendix A: Tax Forms
for the modern tax curriculum. With over 250 schools adopting the 2nd Appendix B: Tax Terms Glossary
edition, McGraw-Hill’s Taxation of Individuals and Business Entities Appendix C: Comprehensive Tax Return Problems
resonates with instructors who were in need of a bold and innova- Appendix D: Code Indices
tive approach to teaching tax. 280 professors have contributed 250 Appendix E: Table of Cases Cited
book reviews, in addition to 17 focus groups and symposia. These
instructors were impressed on the book’s organization, pedagogy,
and unique features that are a testament to the grassroots nature of
this book’s development.
52
Accounting
Up-to-date information on tax laws, regulations and practice to mental activities are recorded using the modified accrual basis. The
equip readers with sufficient knowledge on tax compliance and basic fund-basis statements are then used as input in the preparation of
tax planning topics and concepts government-wide statements. The preparation of government-wide
statements is presented in an Excel worksheet. This approach has
Inclusion of extracts of the Singapore Income Tax Act and the two advantages: (1) it is the approach most commonly applied in
Goods and Services Tax Act as a convenient and easy reference to practice, and (2) it is an approach familiar to students who have
readers, which are often referred to in practice and in examinations studied the process of consolidation in their advanced accounting
classes. State and local government reporting is illustrated using an
Contents ongoing example integrated throughout Chapters 3 through 8 and
13. This edition incorporates all of the FASB, GASB, GAO and AICPA
Preface pronouncements passed since the last edition.
About the Author
1. Introduction to Singapore Tax New to this edition
2. Concept of Income
3. Tax Deductions New Continuous Homework Problem: Students gain a compre-
4. Capital Allowances hensive overview of the financial reporting process for state and local
5. Taxation of Companies governments with a new continuous homework problem.
6. Taxation of Individuals
Updated References: Descriptions and references have been
7. Taxation of Partnerships
updated to reflect FASB and GASB codification conventions for con-
8. Taxation of Non-residents
sistency with current professional literature. Students are introduced
9. Taxation of Foreign Income
to the structure of the codifications.
10. Goods and Services Tax
Extracts of Income Tax Act Summaries of Academic Research: Financial information on
Part I, Section 2: Interpretation not-for-profit organizations is becoming increasingly available through
Part III, Section 10: Charge of income tax stimulating research by academics. The 10th edition of this text pro-
Part IV, Section 13: Exempt income vides a brief discussion of published research in the nonprofit area
Part V, Section 14: Deductions allowed for the purpose of developing student awareness of the major issues
Part V, Section 15: Deductions not allowed and findings from this important economic sector.
Part VI, Sections 16-24: Capital allowances
Part X, Section 39: Relief and deduction for resident individual and Updated Presentation of Budgetary Accounting: The presenta-
Hindu joint family tion of budgetary accounts, including encumbrances, is simplified
Part XII, Section 45: Withholding of tax in respect of interest paid to to reduce student confusion associated with GASB Statement No.
non-resident persons 54 –Fund Balance Reporting.
Sixth Schedule, Sections 19(2) and 106(3): Number of years of Most Up-to-Date Reporting Requirements: Updated for new IRS
working life of asset form 990 reporting requirements to reflect current law.
Index
Contents
Chapter 1: Introduction to Accounting and Financial Reporting for
Governmental and Not-for-Profit Organizations
Chapter 2: Overview of Financial Reporting for State and Local
Governments
Governmental / Non Profit Chapter 3: Modified Accrual Accounting: Including the Role of Fund
Balances and Budgetary Authority
Chapter 4: Accounting for General and Special Revenue Funds
Chapter 5: Accounting for Other Governmental Fund Types: Capital
Projects, Debt Service, and Permanent
Chapter 6: Proprietary Funds
NEW *9780078025457* Chapter 7: Fiduciary (Trust) Funds
Chapter 8: Government-Wide Statements, Fixed Assets, Long-Term
Debt
Chapter 9: Accounting for Special-Purpose Entities, Including Public
ESSENTIALS OF Colleges and Universities
accounting for Chapter 10: Accounting for Private Not-for-Profit Organizations
governmental and Chapter 11: College and University Accounting—Private Institutions
not-for-profit Chapter 12: Accounting for Hospitals and Other Health-Care Providers
Chapter 13: Auditing, Tax Exempt Entities, and Evaluating Perform-
organizations ance
11th Edition Chapter 14: Financial Reporting by the Federal Government
53
Accounting
54
Accounting
55
Accounting
56
Accounting
Contents
Part One: Introduction and Overview
Chapter 1: Overview of Financial Statement Analysis
Chapter 2: Financial Reporting and Analysis
Part Two: Accounting Analysis
Chapter 3: Analyzing Financing Activities
Chapter 4: Analyzing Investing Activities
Chpater 5: Analyzing Investing Activities: Special Topics
Chpater 6: Analyzing Operating Activities
Part Three: Financial Analysis
Chapter 7: Cash Flow Analysis
Chpater 8: Return on Invested Capital
Chapter 9: Prospective analysis Invitation to Publish
Chapter 10: Credit Analysis
Chapter 11: Equity Analysis and Valuation McGraw-Hill is interested to review your
Comprehensive Case: Applying Financial Statement Analysis textbook proposals for publication.
Please contact your local McGraw-Hill office or
email to asiapub@mcgraw-hill.com.
57
Accounting
58
Accounting
REVIEW COPY
(Available for course adoption only)
To request for a review copy,
contact your local McGraw-Hill
representatives or,
fax the Review Copy Request Form found
in this catalog or,
e-mail your request to
mghasia_sg@mcgraw-hill.com or,
submit online at www.mheducation.asia
59
Accounting
International edition
ACCOUNTING NEW *9780078110863*
Texts and Cases, 13th Edition
By Robert Anthony and David Hawkins of Harvard Business School, Ken-
neth Merchant, University of Southern California FINANCIAL REPORTING AND
2011 (May 2010) / 944 pages ANALYSIS
ISBN: 9780073379593 5th Edition
ISBN: 9780071289092 [IE]
www.mhhe.com/anthony13e By Lawrence Revsine, Northwestern University,
Daniel W Collins and Bruce Johnson of Univer-
Accounting: Text & Cases is a product of lifelong dedication to the sity of Iowa-Iowa City and Fred Mittelstaedt,
discipline of accounting. Covering both financial and managerial ac- University of Notre Dame
counting as well as broader managerial issues, the book incorporates
a breadth of experience that is sure to enrich your course and your 2012 (January 2011) / 1120 pages
students. The approximately 109 cases that make up most of the end
ISBN: 9780078110863
of chapter material are combination of classic Harvard style cases and
extended problems, with 12 complete new cases added to the 13th www.mhhe.com/revsine5e
edition. The text is covered as two parts. Part 1 deals with chapters
1 -14 which cover financial accounting, while part 2 covers Chapters Financial Reporting & Analysis (FR&A) by Revsine/Collins/Johnson/
15-28 which in essence is associated with management accounting. Mittelstaedt emphasizes both the process of financial reporting and
The tale end of part 2 also focuses on broader issues of control and the analysis of financial statements. This book employs a true “user”
corporate strategy. Both parts have been updated to reflect the cur- perspective by discussing the contracting and decision implications of
rent changes relevant to Accounting. accounting and this helps readers understand why accounting choices
matter and to whom. Revsine, Collins, Johnson, and Mittelstaedt train
their readers to be good financial detectives, able to read, use, and
Contents
interpret the statements and-most importantly understand how and
Part One: Financial Accounting why managers can utilize the flexibility in GAAP to manipulate the
1. The Nature and Purpose of Accounting numbers for their own purposes. Significantly, the new edition em-
2. Basic Accounting Concepts: The Balance Sheet phasizes the differences and similarities between GAAP and IFRS,
3. Basic Accounting Concepts: The Income Statement which is a critical component of this course.
4. Accounting Records and Systems
5. Revenue and Monetary Assets New to this edition
6. Cost of Sales and Inventories New Global Vantage Point sections have been added to most
7. Long-Lived Nonmonetary Assets and Their Amortization chapters that
8. Sources of Capital: Debt
9. Sources of Capital: Owners’ Equity identify key differences between U.S. GAAP and IFRS
10. Other Items That Affect Net Income and Owners’ Equity
discuss financial statement excerpts of companies that follow
11. The Statement of Cash Flows
IFRS
12. Acquisitions and Consolidated Statements
13. Financial Statement Analysis summarize proposed new accounting standards issued by the
14. Understanding Financial Statements FASB and/or the IASB as part of their convergence project
Part Two: Management Accounting
References to both the FASB Accounting Standards Codification
15. The Nature of Management Accounting
TM and the underlying pre-Codification U.S. GAAP literature have
16. The Behavior of Costs
been added
17. Full Costs and Their Uses
18. Additional Aspects of Product Costing Systems All FASB and IASB standards, exposure drafts, and discussion
19. Standard Costs, Variable Costing Systems, Quality Costs, and papers released through October 2010 have been covered
Joint Costs
20. Production Cost Variance Analyses Discussion of the 2008 global financial crisis and how it affected
21. Other Variance Analysis accounting measurements is included
22. Control: The Management Control Environment New or updated company examples are incorporated throughout
23. Control: The Management Control Process the book
24. Strategic Planning and Budgeting
25. Reporting and Evaluation New and revised end-of-chapter materials including exercises,
26. Short-Run Alternative Choice Decisions problems, and cases tied to Global Vantage Points or to proposed
27. Longer-Run Decisions: Capital Budgeting new FASB and IASB standards have been added
28. Management Accounting System Design
Contents
Chapter 1 The Economic and Institutional Setting for Financial
Reporting
Chapter 2 Accrual Accounting and Income Determination
Chapter 3 Additional Topics in Income Determination
Chapter 4 Structure of the Balance Sheet and Statement of Cash
Flows
Chapter 5 Essentials of Financial Statement Analysis
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Accounting
Management Control
2012 (April 2011) / 672 pages
ISBN: 9780078136665
ISBN: 9780071289320 [IE]
www.mhhe.com/hopwood2e
International edition Grounded firmly in real-world practice, Forensic Accounting provides
the most comprehensive view of fraud investigation on the market.
Where other books focus almost entirely on auditing and financial re-
MANAGEMENT CONTROL SYSTEMS porting, Hopwood, Young, and Leiner include a vast range of civil and
12th Edition criminal accounting fraud and related activities, from false business
By Robert N Anthony, Harvard Business School and Vijay Govindarajan, valuations and employer fraud to information security and counter-
Dartmouth College terrorism. The author team provide experience in fraud investigation
2007 (May 2006) / 784 pages that lends the book real-world perspective unmatched by any other.
ISBN: 9780073100890
ISBN: 9780071254106 [IE] New to this edition
61
Accounting
Contents
Introduction BSBFIA401A
Source documents and Goods and Services Tax (GST) BSBFIA401A,
FNSBKPG402A, FNSBKPG404A
62
FINANCE, INSURANCE & REAL ESTATE
Bank Management..............................................................................................95
Behavioral Finance..............................................................................................97
Business Finance................................................................................................83
Cases in Corporate Finance................................................................................87
Derivatives / Futures & Options...........................................................................91
Finance for the Non-Financial Managers..........................................................101
Financial Institutions and Markets.......................................................................93
Financial Institutions Management......................................................................93
Financial Planning...............................................................................................97
Financial System...............................................................................................103
International Financial Management...................................................................96
Investments - Graduate.......................................................................................87
Investments - Supplementary..............................................................................86
Investments - Textbooks......................................................................................83
Managerial & Corporate Finance - Graduate......................................................79
Managerial & Corporate Finance - Supplements................................................77
Managerial & Corporate Finance - Textbooks.....................................................65
Mathematics of Finance....................................................................................102
Money and Capital Markets.................................................................................89
Personal Finance................................................................................................98
Portfolio Management.........................................................................................90
Professional References...................................................................................106
Real Estate Finance / Investment.....................................................................106
Real Estate Principles, Analysis & Management...............................................105
Risk Management.............................................................................................102
Upper Division Insurance..................................................................................105
63
New Titles
Financial Management: Text, Problems and Cases, 6e [India] Khan 9780071067850 73, 80
64
Finance, Insurance & Real Estate
The Tenth Edition continues the tradition of excellence that has earned Self Quiz and Study end-of-chapter feature. This new end-of-
Fundamentals of Corporate Finance its status as market leader. Every chapter feature gives students a quick overview of what resources
chapter has been updated to provide the most current examples that are available in McGraw-Hill Connect’s Self Quiz and Study program.
reflect corporate finance in today’s world. The supplements package Students get a glimpse of practice questions, the additional assets
has been updated and improved, and with the enhanced Connect available to help students study and master the content, and the ad-
Finance and Excel Master, student and instructor support has never
dress to log on for more practice. This can be a great way to engage
been stronger.
your Connect-using students in Corporate Finance!
New to this edition Updated Topic Coverage:
McGraw-Hill’s Connect Finance offers a number of powerful Chapter 3 – defines enterprise value (EV) and discusses the widely
tools and features to make managing assignments easier, so you used EV-EBITDA ratio, and includes new end of chapter questions
can spend more time teaching. Students can engage with their on industry-specific ratios and EV-EBITDA ratio
coursework anytime and anywhere, making the learning process Chapter 8 – a new section illustrates using PE and price/sales ratios
more accessible and efficient. In short, Connect Finance facilitates for equity valuation. More than ten new end-of-chapter problems
student learning and optimizes your time and energies, enabling you reflect this new content.
to focus on course content, teaching, and student learning. Connect Chapter 23 - new material on enterprise risk management (ERM)
for Ross/Westerfield/Jordan has been expanded with new learning and the use of insurance as an RM tool.
resources for your students. See book preface for a complete list of changes
Create and deliver online, auto-graded homework assignments, CONTENTS
quizzes, and tests directly from the end-of-chapter materials or Part One: Overview of Corporate Finance
test bank. Problems are available as both static and algorithmic Chapter 1: Introduction to Corporate Finance
problems, and there are also multiple-choice conceptual questions. Chapter 2: Financial Statements, Taxes, and Cash Flow
Students receive immediate, detailed feedback on their assign- Part Two: Financial Statements and Long-Term Financial Plan-
ments, allowing them to focus on the areas where they need ning
improvement. Chapter 3: Working with Financial Statements
Questions mapped to AACSB skill areas, Bloom’s Taxonomy levels, Chapter 4: Long-Term Financial Planning and Growth
and difficulty level enable you to run reports that assess specific Part Three: Valuation of Future Cash Flows
learning outcomes. Chapter 5: Introduction to Valuation: The Time Value of Money
NEW! LearnSmart ensures your students are learning faster, study- Chapter 6: Discounted Cash Flow Valuation
ing more efficiently, and retaining more knowledge. It pinpoints Chapter 7: Interest Rates and Bond Valuation
concepts the student does not understand and maps out a person- Chapter 8: Stock Valuation
alized study plan for success. Based on students’ self-diagnoses Part Four: Capital Budgeting
of their proficiency, LearnSmart intelligently provides students Chapter 9: Net Present Value and Other Investment
with a series of adaptive questions. This provides students with a Criteria
65
Finance, Insurance & Real Estate
Chapter 10: Making Capital Investment Decisions more accessible and efficient. In short, Connect Finance facilitates
Chapter 11: Project Analysis and Evaluation student learning and optimizes your time and energies, enabling you
Part Five: Risk and Return to focus on course content, teaching, and student learning. Connect
Chapter 12: Some Lessons from Capital Market History for Ross/Westerfield/Jordan has been expanded with new learning
Chapter 13: Return, Risk, and the Security Market Line resources for your students.
Part Six: Cost of Capital and Long-Term Financial Policy Create and deliver online, auto-graded homework assignments,
Chapter 14: Cost of Capital quizzes, and tests directly from the end-of-chapter materials or
Chapter 15: Raising Capital test bank. Problems are available as both static and algorithmic
Chapter 16: Financial Leverage and Capital Structure Policy problems, and there are also multiple-choice conceptual questions.
Chapter 17: Dividends and Payout Policy Students receive immediate, detailed feedback on their assign-
Part Seven: Short-Term Financial Planning and Management ments, allowing them to focus on the areas where they need
Chapter 18: Short-Term Finance and Planning improvement.
Chapter 19: Cash and Liquidity Management Questions mapped to AACSB skill areas, Bloom’s Taxonomy levels,
Chapter 20: Credit and Inventory Management and difficulty level enable you to run reports that assess specific
Part Eight: Topics in Corporate Finance learning outcomes.
Chapter 21: International Corporate Finance NEW! LearnSmart ensures your students are learning faster, study-
Chapter 22: Behavioral Finance: Implications for Financial Manage- ing more efficiently, and retaining more knowledge. It pinpoints
ment concepts the student does not understand and maps out a person-
Chapter 23: Enterprise Risk Management alized study plan for success. Based on students’ self-diagnoses
Chapter 24: Options and Corporate Finance of their proficiency, LearnSmart intelligently provides students
Chapter 25: Option Valuation with a series of adaptive questions. This provides students with a
Chapter 26: Mergers and Acquisitions personalized one-on-one tutor experience.
Chapter 27: Leasing NEW! Interactive Applications stimulate critical thinking and rein-
force key concepts, and students receive immediate feedback and
can track their progress in their own report. Students will be asked
to “click and drag” specific choices to make decisions, categorize,
or put in a time sequence, and then are asked multiple-choice ques-
tions to confirm understanding of the key concepts of the activity.
NEW *9780078034633* NEW! Select key problems offer Guided Examples next to the
assigned problems to show how to work through a similar prob-
lem. Students can learn from this video to then solve their own
assigned problems
FUNDAMENTALS OF Detailed Feedback offers the option to present worked-out solutions
CORPORATE FINANCE to the problem, showing the students each step of the process.
Standard Edition, 10th Edition Appropriate chapters and problems include calculator keystroke
solutions in addition to formulas.
By Stephen A Ross, Mass institute of Tech, A Self Quiz and Study program allows students to evaluate their
Randolph W Westerfield, University of Southern performance through a practice test and then receive recommen-
California and Bradford D Jordan, University of dations for specific readings from the text, supplemental study
Kentucky-Lexington material, and practice work that will improve their mastery of each
learning objective.
2013 (January 2012) / 800 pages Pre-built assignments are available to save you set up time.
ISBN: 9780078034633 (Standard Edition) Connect Plus Finance. This packaging option combines all the
www.mhhe.com/rwjfund10e great features of Connect Finance, along with access to an online
version of Fundamentals of Corporate Finance, 10e, so that students
The best-selling Fundamentals of Corporate Finance (FCF) has three
basic themes that are the central focus of the book: can easily refer back to the text for review and guidance. This media
rich e-book links directly to tutorials and online resources.
1) An emphasis on intuition—the authors separate and explain the Excel Master for Fundamentals of Corporate Finance. This sup-
principles at work on a common sense, intuitive level before launch- plement, free to students and delivered from the text’s website, goes
ing into any specifics.
far beyond existing spreadsheet tutorials. It expertly demonstrates to
students how to use the most powerful tools in Excel to do professional
2) A unified valuation approach—net present value (NPV) is treated
as the basic concept underlying corporate finance. quality financial analysis. Excel Master is fully integrated with the
textbook such that every suitable topic in the text is covered in depth.
3) A managerial focus—the authors emphasize the role of the financial The result is that students end up learning corporate finance and
manager as decision maker, and they stress the need for managerial spreadsheet techniques at the same time. New to this edition, icons
input and judgment. in the sidebar identify concepts and skills covered in this program.
The Tenth Edition continues the tradition of excellence that has earned Self Quiz and Study end-of-chapter feature. This new end-of-
Fundamentals of Corporate Finance its status as market leader. Every chapter feature gives students a quick overview of what resources
chapter has been updated to provide the most current examples that are available in McGraw-Hill Connect’s Self Quiz and Study program.
reflect corporate finance in today’s world. The supplements package Students get a glimpse of practice questions, the additional assets
has been updated and improved, and with the enhanced Connect available to help students study and master the content, and the ad-
Finance and Excel Master, student and instructor support has never dress to log on for more practice. This can be a great way to engage
been stronger. your Connect-using students in Corporate Finance!
McGraw-Hill’s Connect Finance offers a number of powerful Chapter 3 – defines enterprise value (EV) and discusses the widely
tools and features to make managing assignments easier, so you used EV-EBITDA ratio, and includes new end of chapter questions
can spend more time teaching. Students can engage with their on industry-specific ratios and EV-EBITDA ratio
coursework anytime and anywhere, making the learning process Chapter 8 – a new section illustrates using PE and price/sales ratios
for equity valuation. More than ten new end-of-chapter problems
66
Finance, Insurance & Real Estate
67
Finance, Insurance & Real Estate
68
Finance, Insurance & Real Estate
69
Finance, Insurance & Real Estate
learning objective. either direction. The Viewpoints Revisited feature in the book’s
Pre-built assignments are available to save you set up time. appendix provides a possible answer to the scenario and connects
Guided Examples offer online student tutorials at the problem level. the students back to the original goals of the chapter.
They present a similar problem using either formulas, calculator, or Select called-out Examples throughout the book will have a
Excel, next to the homework problem to help students understand personal perspective to continue the theme throughout the book.
how to move forward. Some end-of-chapter problems will also have personal perspec-
Connect Plus Finance. This packaging option combines all the tives, so students will be able to solve problems in both business
great features of Connect Finance, along with access to an online and personal contexts.
version of M: Finance, linked to additional study features, so that Connecting Core Concepts:
students can easily refer back to the text for review and guidance. Learning Goals begin each chapter and are tied to end-of-chapter
Student friendly design: M: Finance was written and designed problems. This helps the student follow the building of concepts,
with today’s student reader in mind. and also helps instructors develop their class and assign readings
and homework based on these goals. The Test Bank is also labeled
The layout and design provides the visual stimulation they’ve
with Learning Goals.
come to expect.
Finance at Work boxes highlight current events and hot topics
The content was written to focus on the key concepts only.
noted in the news, and include a Want to Know More? feature with
Pop-up quotes, marginal key terms/definitions, and callouts that
suggested words to use for searching the Internet for updates.
feature interesting and important facts are used throughout the
These are great for use during class for discussion or outside of
chapters to capture students’ attention.
class as homework assignments.
The examples provided have been selected for greater student
Time Out! boxes are featured at the end of each section and test
appeal.
students’ understanding of key terms and core concepts. Answers
The book’s framework reflects the way instructors today teach to the Time Out! questions appear on the text Website.
the course, emphasizing three themes: Tables and Figures illustrate the material visually to help students
Finance is about Solving Problems and Decision-Making apply what they are learning and connecting concepts both within
Finance can be taught using the Personal Perspective and across chapters.
Finance is about connecting Core Concepts Questions are featured at the end of each chapter, and can be used
for discussion in-class to review chapter concepts or as homework.
Solving Problems and Decision-Making:
The “Research It!” feature is found on the text website and is an
Interactive Examples: Online tutorials in short video format for each assignable project that requires students to research the web for
numbered Example in the book. data and other information to answer the questions.
There are five tutorials per Example: Minicases can also be found on the book Website.
One that talks through how to solve the example in the book;
One that talks through a similar example and stops at decision Contents
points and students choose the next step; 1. Introduction to Financial Management
Two that show how to solve the problem using two different finan- 2. Reviewing Financial Statements
cial calculators; 3. Analyzing Financial Statements
One that shows how to solve the problem in Excel. 4. Time Value of Money 1: Analyzing Single Cash Flows
Interactive Examples can be found on the text website at www. 5. Time Value of Money 2: Analyzing Annuity Cash Flows
mhhe.com/canm and within Connect Finance. Additionally, stu- 6. Valuing Bonds
dents can use their web-enabled, camera smartphone to “click” on 7. Valuing Stocks
the QR codes they see throughout the book to bring them directly 8. Understanding Financial Markets and Institutions
to the appropriate video! They’re also available within Connect to 9. Characterizing Risk and Return
help students solve the problems. 10. Estimating Risk and Return
End of Chapter Problems: A large quantity of end-of-chapter 11. Calculating the Cost of Capital
problems are organized so that every odd-numbered problem is 12. Estimating Cash Flows on Capital Budgeting Projects
mirrored by a similar even-numbered problem. This gives instruc- 13. Weighing Net Present value and Other Capital Budgeting Criteria
tors two different sets of similar problems to assign to different 14. Addressing Working Capital Policies and Managing Short-Term
sections or work in class. Assets and Liabilities
“Math Coach” boxes: coach students in avoiding the most com-
monly-made mistakes in a particular problem.
Called-out examples detail the solution to a key problem or concept
in the chapter.
Calculator Keystrokes are included in the margin next to these
examples if applicable, showing a quick snapshot of how to solve
the problem. This feature can easily be skipped if calculators are
not used for this class.
Self-Test Problems with Solutions are are available on the text
Website so students can test themselves before diving into the
homework.
AnIntegrated Mini-Case is available for each chapter on the text REVIEW COPY
Website, combining the concepts learned into a more integrative (Available for course adoption only)
problem to help students understand how everything ties together. To request for a review copy,
Formula Review Cards for key chapters are perforated to create contact your local McGraw-Hill
convenient study tools for students or can be used as exam “cheat representatives or,
sheets,” if the instructor chooses fax the Review Copy Request Form found
Personal Perspective: in this catalog or,
e-mail your request to
The “Viewpoints” feature: at the beginning of each chapter illus-
mghasia_sg@mcgraw-hill.com or,
trates a business perspective of the upcoming topics and is mir-
submit online at www.mheducation.asia
rored by a personal perspective. This immediately sets a context
for the chapter and allows instructors to take class discussion in
70
Finance, Insurance & Real Estate
A mini case in every chapter, several of which are based on Discussion of relevant aspects of the recent financial crisis,
S&S Air, supporting an integrated understanding of corporate finance with emphasis on the possible roles played by the efficient market
hypothesis, fair value accounting, and the financial rating agencies
CONTENTS in precipitating the crisis.
Part 1: Overview of Corporate Finance The examination of Kraft Foods Corporation’s $23 billion hostile
Chapter 1: Introduction to Corporate Finance takeover of British confectioner Cadbury Plc, including the role played
Chapter 2: Financial Statements, Taxes and Cash Flow by activist investor Nelson Peltz.
Part 2: Financial Statements and Long-Term Financial Planning
Chapter 3: Working with Financial Statements Expanded coverage of real options analysis, including decision
Chapter 4: Long-Term Financial Planning and Growth trees.
Part 3: Valuation of Future Cash Flows An update of the empirical evidence on corporate restructuring
Chapter 5: Introduction to Valuation: The Time Value of Money and shareholder value creation.
Chapter 6: Discounted Cash Flow Valuation
Chapter 7: Interest Rates and Bond Valuation The use of Sensient Technologies Corporation (SXT), the world’s
Chapter 8: Share Valuation largest food and beverage color company, as an extended example
Part 4: Capital Budgeting throughout the book.
Chapter 9: Net Present Value and Other Investment Criteria
Fresh examples throughout the text, including new company ex-
Chapter 10: Making Capital Investment Decisions
amples and updated data to keep the text at the forefront of currency.
Chapter 11: Project Analysis and Evaluation
Part 5: Risk and Return Contents
Chapter 12: Some Lessons from Capital Market History
Part I: Assessing the Financial Health of the Firm
Chapter 13: Return, Risk and the Security Market Line
Chapter 1: Interpreting Financial Statements
Part 6: Cost of Capital and Long-Term Financial Policy
Chapter 2: Evaluating Financial PerformanceAppendix: International
Chapter 14: Cost of Capital
Differences in Financial Structure
Chapter 15: Raising Capital
Part II: Planning Future Financial Performance
Chapter 16: Financial Leverage and Capital Structure Policy
Chapter 3: Financial Forecasting
Chapter 17: Dividends and Dividend Policy
Chapter 4: Managing Growth
Part 7: Short-Term Financial Planning and Management
Part III: Financing Operations
Chapter 18: Short-Term Finance and Planning
Chapter 5: Financial Instruments and Markets
Chapter 19: Current Asset Management
Appendix: Using Financial Instruments to Manage Risks
Part 8: Topics in Corporate Finance
Chapter 6: The Financing Decision
Chapter 20: International Corporate Finance
Appendix: The Irrelevance Proposition
Chapter 21: Behavioural Finance
Part IV: Evaluating Investment Opportunities
Chapter 22: Risk Management: An Introduction to Financial Engi-
Chapter 7: Discounted Cash Flow Techniques
neering
Appendix: Mutually Exclusive Alternatives and Capital Rationing
Chapter 23: Options and Corporate Finance
Chapter 8: Risk Analysis in Investment Decisions
Chapter 24: Mergers and Acquisitions
Appendix: Asset Beta and Adjusted Present Value
Chapter 25: Leasing
Chapter 9: Business Valuation and Corporate Restructuring
Appendix A Mathematical Tables
Appendix: The Venture Capital Method of Valuation
Appendix B Key Equations
Appendix A: Present Value of $1
Appendix C Answers to End-of-Chapter Problems
Appendix B: Present Value of an Annuity of $1
Glossary
Suggested Answers to Odd-Numbered End-of-Chapter Problems
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1. An emphasis on intuition—separate and explain the principles 2) A unified valuation approach—net present value (NVP) is treated
at work on a common sense, intuitive level before launching into as the basic concept underlying corporate finance. Every subject
specifics. Underlying ideas are discussed first in general terms, then covered is firmly rooted in valuation, and care is taken to explain how
followed by specific examples that illustrate in more concrete terms particular decisions have valuation effects.
how a financial manager might proceed in a given situation.
3) A managerial focus—the authors emphasize the role of the financial
2. A unified valuation approach—Net Present Value is treated as the manager as decision maker, and they stress the need for managerial
basic concept underlying corporate finance. Every subject the authors input and judgment.
cover is firmly rooted in valuation, and care is taken to explain how
decisions have valuation effects. Fundamentals of Corporate Finance: An Asian Perspective is an ad-
aptation of Fundamentals of Corporate Finance, 9th Edition, by Ross,
3. A managerial focus—Students learn that financial management Westerfield and Jordan. This Asian edition continues the tradition of
concerns management. The role of financial manager as decision excellence that has earned Fundamentals of Corporate Finance its
maker is emphasized and they stress the need for managerial input status as market leader. It aims to meet the significant gap for a book
and judgment. with Asian examples and internationalized Asian content.
Contents CONTENTS
Part I. Overview of Financial Management PART 1 Overview of Corporate Finance
Ch. 1 Introduction to Financial Management 1 Introduction to Corporate Finance
Part 2. Understanding Financial Statements and Cash Flow 2 Financial Statements, Taxes, and Cash Flow
Ch. 2 Financial Statements, Taxes, and Cash Flow PART 2 Financial Statements and Long-Term Financial Planning
Ch. 3 Working with Financial Statements 3 Working with Financial Statements
Part 3. Valuation of Future Cash Flows 4 Long-Term Financial Planning and Growth
Ch. 4 Introduction to Valuation: The Time Value of Money PART 3 Valuation of Future Cash Flows
Ch. 5 Discounted Cash Flow Valuation 5 Introduction to Valuation: The Time Value of Money
Part 4. Valuing Stocks and Bonds 6 Discounted Cash Flow Valuation
Ch. 6 Interest Rates and Bond Valuation 7 Interest Rates and Bond Valuation
Ch. 7 Equity Markets and Stock Valuation 8 Stock Valuation
Part 5. Capital Budgeting PART 4 Capital Budgeting
Ch. 8 Net Present Value and Other Investment Criteria 9 Net Present Value and Other Investment Criteria
Ch. 9 Making Capital Investment Decisions 10 Making Capital Investment Decisions
Part 6. Risk and Return 11 Project Analysis and Evaluation
Ch. 10 Some Lessons from Capital Market History PART 5 Risk and Return
Ch. 11 Risk and Return 12 Some Lessons from Capital Market History
Part 7. Long-Term Financing 13 Return, Risk, and the Security Market Line
Ch. 12 Cost of Capital PART 6 Cost of Capital and Long-Term Financial Policy
Ch. 13 Leverage and Capital Structure 14 Cost of Capital
Ch. 14 Dividends and Dividend Policy 15 Raising Capital
Ch. 15 Raising Capital 16 Financial Leverage and Capital Structure Policy
Part 8. Short-Term Financial Management 17 Dividends and Payout Policy
Ch. 16 Short-Term Financial Planning PART 7 Short-Term Financial Planning and Management
Ch. 17 Working Capital Management 18 Short-Term Finance and Planning
Part 9. Topics in Business Finance 19 Cash and Liquidity Management
Ch. 18 International Aspects of Financial Management 20 Credit and Inventory Management
Appendix A. Mathematical Tables PART 8 Topics in Corporate Finance
Appendix B. Key Equations 21 International Corporate Finance
Appendix C. Answers to Selected End-of-Chapter Problems 22 Behavioral Finance: Implications for Financial Management
Appendix D. Using the HP-10B and TI BA II Plus Financial Calculators 23 Risk Management: An Introduction to Financial Engineering
24 Options and Corporate Finance
25 Option Valuation
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Create and deliver online, auto-graded homework assignments, 14. Futures Contracts
quizzes, and tests directly from the end-of-chapter materials or test 15. Stock Options
bank. Problems are available as both static and algorithmic problems, Part VI Topics in Investments
and there are also multiple-choice conceptual questions. 16. Option Valuation
17. Projecting Cash Flow and Earnings
Students receive immediate, detailed feedback on their as-
18. Corporate Bonds
signments, allowing them to focus on the areas where they need
19. Government Bonds
improvement.
20. Mortgage-Backed Securities
Questions mapped to AACSB skill areas, Bloom’s Taxonomy Appendix A: Answers to Test Your Investment Quotient Questions
levels, and difficulty level enable you to run reports that assess spe- Appendix B: Answers to Selected Questions and Problems
cific learning outcomes. Appendix C: Key Formulas
Index
A Self Quiz and Study program allows students to evaluate
their performance through a practice test and then receive recom-
mendations for specific readings from the text, supplemental study
material, and practice work that will improve their mastery of each
learning objective. Global edition
Pre-built assignments are available to save you set up time.
INVESTMENTS
Connect Plus Finance. This packaging option combines all the 9th Edition
great features of Connect Finance, along with access to an online By Zvi Bodie, Boston University, Alex Kane, University of California-San
version of Fundamentals of Investments, linked to additional study Diego and Alan J Marcus, Boston College
features, so that students can easily refer back to the text for review 2011 (September 2010) / 1056 pages
and guidance. ISBN: 9780073530703
Increased CFA coverage, support and mapping: The sixth edition ISBN: 9780071289146 [GE] - Pub March 2011
includes expanded coverage on 10 CFA readings and completely www.mhhe.com/bkm
new coverage of 15 CFA readings. In total, the sixth edition covers
more than 70 percent of the readings from Level 1 of the CFA exam Bodie, Kane, and Marcus’ Investments sets the standard for gradu-
ate/MBA investments textbooks. It blends practical and theoretical
and about 35 percent of the readings from the Level 2 and 3 exams.
coverage, while maintaining an appropriate rigor and a clear writing
Each chapter opens with a CFA Exam box citing references to specific style. Its unifying theme is that security markets are nearly efficient,
readings from the CFA curriculum that are covered within the chapter, meaning that most securities are priced appropriately given their risk
mapping to the level of the CFA exam for the reading, and more than and return attributes. The text places greater emphasis on asset al-
95 percent of end-of-chapter material is related to the CFA exam, location and offers a much broader and deeper treatment of futures,
which has been similarly mapped to CFA exam levels. options, and other derivative security markets than most investment
texts. It is also the only graduate Investments text to offer an online
Highlights of new coverage in the sixth edition include: homework management system, McGraw-Hill’s Connect Finance.
Chapter 1 contains new sections on the crash of 2008, dollar-
weighted average returns, and the equity risk premium. Contents
Chapter 4 contains a new material on target date funds and a Part I Introduction
greatly expanded section on exchange-traded funds, particularly 1 The Investment Environment
leveraged ETFs. Considerable new material is introduced on 2 Asset Classes and Financial Instruments
hedge funds, particularly their fee structure and investment styles. 3 How Securities are Traded
Chapter 7 contains new material on the market crash of 2008. 4 Mutual Funds and Other Investment Companies
Chapter 8 offers new material on heuristics, herding, and over- Part II Portfolio Theory and Practice
coming bias. Students have an opportunity to take an online quiz 5 Introduction to Risk, Return, and the Historical Record
about overconfidence. 6 Risk Aversion and Capital Allocation to Risky Assets
Chapter 13 contains new material on calculating alpha using re- 7 Optimal Risky Portfolios
gression; calculating an information ratio; calculating a portfolio’s 8 Index Models
R-squared; and Global Investment Performance Standards (GIPS). Part III Equilibrium in Capital Markets
Chapter 18 contains some new material on bond ratings and 9 The Capital Asset Pricing Model
alternatives to bond ratings. 10 Arbitrage Pricing Theory and Multifactor Models of Risk and Return
CONTENTS 11 The Efficient Market Hypothesis
12 Behavioral Finance and Technical Analysis
Part I Introduction
13 Empirical Evidence on Security Returns
1. A Brief History of Risk and Return
Part IV Fixed-Income Securities
2. The Investment Process
14 Bond Prices and Yields
3. Overview of Security Types
15 The Term Structure of Interest Rates
4. Mutual Funds
16 Managing Bond Portfolios
Part II Stock Markets
Part V Security Analysis
5. The Stock Market
17 Macroeconomic and Industry Analysis
6. Common Stock Valuation
18 Equity Valuation Models
7. Stock Price Behavior and Market Efficiency
19 Financial Statement Analysis
8. Behavioral Finance and the Psychology of Investing
Part VI Options, Futures, and Other Derivatives
Part III Interest Rates and Bond Valuation
20 Options Markets: Introduction
9. Interest Rates
21 Option Valuation
10. Bond Prices and Yields
22 Futures Markets
Part IV Portfolio
23 Futures, Swaps, and Risk Management
11. Diversification and Risky Asset Allocation
Part VII Applied Portfolio Management
12. Return, Risk, and the Security Market Line
24 Portfolio Performance Evaluation
13. Performance Evaluation and Risk Management
25 International Diversification
Part V Options and Futures
26 Hedge Funds
84
Finance, Insurance & Real Estate
REVIEW COPY
(Available for course adoption only)
To request for a review copy,
contact your local McGraw-Hill
representatives or,
fax the Review Copy Request Form found
in this catalog or,
e-mail your request to
mghasia_sg@mcgraw-hill.com or,
submit online at www.mheducation.asia
85
Finance, Insurance & Real Estate
Invitation to Publish
McGraw-Hill is interested to review your
textbook proposals for publication.
Please contact your local McGraw-Hill office or
email to asiapub@mcgraw-hill.com.
86
Finance, Insurance & Real Estate
87
Finance, Insurance & Real Estate
Case 31 An Introduction to Debt Policy and Value 10. Indian Premier League
Case 32 Structuring Coprorate Financial Policy: Diagnosis of Prob- 11. Option Pricing Problem Set
lems and Evaluation of Strategies 12. Tata Steel: The Bid for Corus
Case 33 California Pizza Kitchen MODULE 3: WORKING CAPITAL MANAGEMENT
Case 34 The Wm. Wrigley Jr. Company: Capital Structure, Valuation, 13. Working Capital Management at Excel Crop Care Ltd.
and Cost of Capital MODULE 4: CAPITAL STRUCTURE, SHORT-TERM AND LONG-
Case 35 Deluxe Corporation TERM FINANCING
Case 36 Deutsche Bank Securities: Financing the Acquisition of 14. Trent Ltd. Rights Issue of Convertibles and Warrants
Consolidated Supply S.A. 15. Financial Instruments Problem Set
Part 7: Analysis of Financing Tactics: Leases, Options, and 16. BGR Energy Systems’ Initial Public Offering
Foreign Currency 17. Shree Cement Ltd.
Case 37 Baker Adhesives 18. Fujairah Bank
Case 38 Carrefour S.A.
Case 39 Primus Automation Division, 2002
Case 40 MoGen, Inc.
Part 8: Valuing the Enterprise: Acquisitions and Buyouts
Case 41 Methods of Valuation: Mergers and Acquisitions International edition
Case 42 Arcadian Microarray Technologies, Inc.
Case 43 Yeats Valves and Controls CASES IN FINANCE
Case 44 Hershey Foods Corporation 2nd Edition
Case 45 General Mills’ Acquisition of Pillsbury from Diageo PLC
By Jim DeMello, Western Michigan University—Kalamazoo
Case 46 The Timken Company
2006 / 192 pages
Case 47 Matlin Patterson
ISBN: 9780072983227
Case 48 Hostile Takeovers: A Primer for the Decision Maker
Case 49 General Electric’s Proposed Acquisition of Honeywell ISBN: 9780071244367 [IE]
www.mhhe.com/demello2e
CONTENTS
Case 1- Signal Cable Company; Cash Flow Analysis
CASES IN CORPORATE FINANCE Case 2- Bigger Isn’t Always Better; Financial Ratio Analysis
By SR Viswanath, Institute of Management Technology Case 3- Playing the Numbers Game!; DuPont Analysis Case 4-Grow-
2009 (April 2009) ing Pains; Financial Forecasting
ISBN: 9780070090255 Case 5- There’s More to Us Than Meets the Eye!; Financial Analysis
and Forecasting
McGraw-Hill India Title
Case 6- Lottery Winnings-Looks Can Be Deceptive; Time Value of
www.mhhe.com/corpfincases Money
Case 7- It’s Better Late Than Never!; Retirement Planning
“This book will compete with the HBR cases and also the case prob-
lems given in various text-books. But the advantage here is that it Case 8- Paying Off That Dream House; Loan Amortization
discusses Indian cases and so will be more useful, as the students Case 9- Wake Up and Smell the Coffee!; Time Value of Money
will be more familiar with the scenarios described in the cases…The Case 10- Corporate Bonds-They Are More Complex Than You Think;
cases give an overall perspective of a business venture– Prof. Indu Bond Analysis and Valuation
Niranjan, SPJIMR, Mumbai Case 11- How Low Can It Go?; Application of Stock Valuation Methods
Basic analytical skills and principles of corporate finance Case 12- What Are We Really Worth; Valuation of Common Stock
Functions of modern capital markets and financial institutions Case 13- The Lazy Mower: Is It Really Worth It?; Estimating Cash
Estimation of cost of capital Flow-New Project Analysis
Standard techniques of analysis, including capital budgeting Case 14- If the Coat Fits, Wear it; Replacement Project Analysis
Estimation and management of working capital Case 15- The Dilemma at Day-Pro; Comparison of Capital Budget-
The first module consists of cases that form the building blocks of ing Techniques
modern finance. These are on time value of money, risk and return. Case 16- Too Hot to Handle; Capital Budgeting
The second module covers capital budgeting and valuation. This Case 17- Flirting with Risk; Risk and Return
module introduces standard DCF models in a variety of settings. Case 18- I Wish I Had a Crystal Ball; Real Options and Capital
A problem set on option pricing is also included here Budgeting
The third module is on working capital estimation and manage- Case 19- Can One Size Fit All?; Determining the Cost of Capital Case
ment. Case topics include cash budgeting, seasonality and working 20- We Are Not All Alike; Divisional Costs of Capital
capital management Case 21- Where Do We Draw the Line?: Marginal Cost of Capital
The fourth module (the final one) is on long term financing and and Capital Budgeting
risk management. Case 22- EVA – Does It Really Work?; Economic Value Added (EVA)
Case 23- It’s Better to Be Safe Than Sorry!; Evaluating Project Risk
Contents Case 24- Look Before You Leverage; Debt Versus Equity Financing
MODULE 1: BUILDING BLOCKS Case 25- Is It Worth More Dead or Alive?; Bankruptcy and Reor-
1. Lisa Mathew’s Investment Opportunities ganization
2. Valuation Problem Set (A) Case 26- Is It Much Ado About Nothing?; Dividend Policy
3. Reliance Capital Case27- Timing Is Everything!; Working Capital Management
4. Cost of Capital for Utilities in India Case 28- Getting Our Act Together; Cash Budgeting
5. Financial Statements and Industry Structure, 2007 Case 29- The Elusive Cash Balance; Cash Budgeting
6. The Use of Cash Flow Statements Case 30- A Switch in Time Saves Nine; Accounts Receivable Man-
7. Financial Performance of Major Steel Firms agement
8. Value Based Management at Marico Ltd. Case 31- Will it be Worthwhile to Venture?; International Capital
MODULE 2: CAPITAL BUDGETING AND DISCOUNTED CASH Budgeting
FLOW VALUATION Case 32- When In Doubt, Hedge!; Hedging with Derivatives
9. Valuation Problem Set (B) Case 33- Made for Each Other; Valuing Corporate Acquisitions Case
34- Why Buy It When You Can Lease It?; Lease Versus Buy Analysis
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CONTENTS
Part One – The Global Financial System in Perspective
Portfolio Management
Chapter 1 – Functions and Roles of the Financial System in the
Global Economy
Chapter 2 – Financial Assets, Money, Financial Transactions, and
Financial Institutions
Chapter 3 – The Financial Information Marketplace
Chapter 4 – The Future of the Financial System and the Money and
Capital Markets
NEW
Part Two – Interest Rates and the Prices of Financial Assets *9780071078016*
Chapter 5 – The Determinants of Interest Rates: Competing Ideas
Chapter 6 – Measuring and Calculating Interest Rates and Financial
Asset Prices SECURITY ANALYSIS AND
Chapter 7 – Inflation and Deflation, Yield Curves, and Duration: Impact PORTFOLIO MANAGEMENT
on Interest Rates and Asset Prices
Chapter 8 – The Risk Structure of Interest Rates: Defaults, Prepay- By K Sasidharan, School of Asset Manage-
ments, Taxes, and Other Rate-Determining factors ment, Cochin and Alex K Mathews, Manathara
Chapter 9 – Interest-Rate Forecasting and Hedging: Swaps, Financial Advisory Services
Futures, and Options
Part Three – The Money Market and Central Banking
Chapter 10 – Introduction to the Money Market and the Roles Played 2011 (August 2011) / 708 pages
by Governments and Security Dealers ISBN: 9780071078016
Chapter 11 – Commercial Banks, Major Corporations, and Federal McGraw-Hill India Title
Credit Agencies in the Money Market
Chapter 12 – Roles and Services of the Federal Reserve and Other This book provides a comprehensive coverage on security analysis
as well as portfolio management with a student-friendly approach.
Central Banks Around the World
With discussion on latest topics, numerous examples, rich pedagogy,
Chapter 13 – The Tools and Goals of Central Bank Monetary Policy as well as exercises, it will adequately meet the requirements of busi-
Part Four – Financial Institutions: Organization, Activities, and ness management students.
Regulation
Chapter 14 – The Commercial Banking Industry: Structure, Products, CONTENTS
and Management
1. Investments: Concepts and Features
Chapter 15 – Nonbank Thrift Institutions: Savings and Loans, Savings
2. Investment Avenues
Banks, Credit Unions, and Money Market Funds
3. Indian Capital Market
Chapter 16 – Mutual Funds, Insurance Companies, Investment Banks,
4. Stock Exchanges in India
and Other Financial Firms
5. Stock Market Indices
Chapter 17 – Regulation of the Financial Institutions’ Sector
6. Depository System and Listing of Securities
Part Five – Governments and Businesses in the Financial Mar-
7. Futures and Options
ketplace
8. Real Estate
Chapter 18 – Federal, State, and Local Governments Operating in
9. Risk and Return
the Financial Markets
10. Market Regulators
Chapter 19 – Business Borrowing: Corporate Bonds, Asset-Backed
11. Multifactor Risk and Return Models
Securities, Bank Loans, and Other Forms of Business Debt
12. Effi cient Market Hypothesis
Chapter 20 – The Market for Corporate Stock
13. Company Valuation
Part Six – Households in the Financial Marketplace
14. Equity Valuation
Chapter 21 – Consumer Lending and Borrowing
15. Bond Valuation
Chapter 22 – The Residential Mortgage Market
16. Technical Analysis
Part Seven- The International Financial System
17. Fundamental Analysis
Chapter 23 – International Transactions and Currency Values
18. Portfolio Construction
Chapter 24 – International Banking
19. Markowitz Model
Money and Capital Markets Dictionary
20. Sharpe Portfolio Optimisation Model
Index
21. Portfolio Evaluation
22. Portfolio Revision and Management
Appendix A: Investment Analysis
Appendix B: Using Calculator/Coputer for Computations
Appendix C: Standardized Normal Distribution Table
Appendix D: List of Useful Websites
Model Question Paper
Model Question Paper
Index
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Features
Foreword by Professor Tom Smith (Australian National Uni-
versity)
Exhaustive coverage of both futures and options
A racy and conversational style of exposition
Numerous illustrations and examples
Assignment questions and review of key concepts
that provide an in-depth test of the readers’ comprehension
CONTENTS
Foreword
About the Author
Preface
REVIEW COPY Acknowledgments
(Available for course adoption only) Figures and Tables
To request for a review copy, 1. Introduction to Futures
contact your local McGraw-Hill 2. Valuation of Futures Contracts
representatives or, 3. Hedging and Speculation
fax the Review Copy Request Form found 4. Orders and Exchanges
in this catalog or, 5. Money Market Futures
e-mail your request to 6. Bond Market Futures
mghasia_sg@mcgraw-hill.com or, 7. Foreign Exchange Forwards and Futures
submit online at www.mheducation.asia 8. Stock and Stock Index Futures
9. Fundamentals of Options
91
Finance, Insurance & Real Estate
FINANCIAL DERIVATIVES
Markets and Applications in Malaysia,
2nd Edition
International edition By Ismath Bacha Obiyathulla, International Islamic University-Malaysia
DERIVATIVES 2006 / 353 pages
By Rangarajan Sundaram and Sanjiv Das ISBN: 9789833219957
2011 (March 2010) / 940 pages An Asian Publication
ISBN: 9780072949315 Financial Derivatives: Markets and Applications is designed spe-
ISBN: 9780071244800 [IE] cifically for a first course in derivatives. It has been written with the
beginner in mind and assumes no previous knowledge or familiarity
www.mhhe.com/sd1e with derivatives. Written in an informal, easy to read style, it guides
It has been the authors’ experience that the overwhelming majority readers through the challenging and complex world of forwards,
of students in MBA derivatives courses go on to careers where a futures and options. As the first book of its kind on Malaysian finan-
deep conceptual, rather than solely mathematical, understanding cial derivatives, the emphasis on local conditions enables easier
of products and models is required. The first edition of Derivatives understanding. All financial derivative contracts traded in Malaysia
looks to create precisely such a blended approach, one that is for- are covered according to their three common applications: hedging,
mal and rigorous, yet intuitive and accessible. The main body of this arbitraging and speculating which are shown by means of fully worked
book is divided into six parts. Parts 1-3 cover, respectively, futures out examples. Extensive use of illustrations and write-ups provide
and forwards; options; and swaps. Part 4 examines term-structure easy comprehension of the underlying logic of derivatives.
modeling and the pricing of interest-rate derivatives, while Part 5 is
concerned with credit derivatives and the modeling of credit risk. Part CONTENTS
6 discusses computational issues. 1 Derivatives: Introduction and Overview
2 Malaysian Derivatives Markets and Trading
Contents 3 Forward and Futures Markets: Pricing and Analysis
Chapter 1: Introduction 4 Stock Index Futures Contracts: Analysis and Applications
Part 1: Futures and Forwards 5 Interest Rate Futures: The 3-month KLIBOR Futures Contract
Chapter 2: Futures Markets 6 Introduction to Options
Chapter 3: Pricing Forwards and Futures I: The Basic Theory 7 Options Contracts: Specifications and Trading
Chapter 4: Pricing Forwards and Futures II 8 Option Strategies and Payoffs
Chapter 5: Hedging with Futures & Forwards 9 Option Pricing
Chapter 6: Interest-Rate Forwards & Futures 10 Replication, Sythetics and Arbitrage
Part II: Equity Derivatives 11 Options in Corporate Finance and Real Options
Chapter 7: Options Markets 12 Interest Rate Swaps, FRAs and Credit Derivatives
Chapter 8: Options: Payoffs & Trading Strategies 13 Derivatives Instruments and Islamic Banking
Chapter 9: No-Arbitrage Restrictions on Option Prices
Chapter 10: Early Exercise and Put-Call Parity
Chapter 11: Option Pricing: An Introduction
Chapter 12: Binomial Option Pricing
Chapter 13: Implementing the Binomial Model
Chapter 14: The Black-Scholes Model
Chapter 15: The Mathematics of Black-Scholes
Chapter 16: Options Modeling: Beyond Black-Scholes
Chapter 17: Sensitivity Analysis: The Option “Greeks”
Chapter 18: Exotic Options I: Path-Independent Options
Chapter 19: Exotic Options II: Path-Dependent Options
Chapter 20: Value-at-Risk
Chapter 21: Convertible Bonds
Chapter 22: Real Options
Part III: Swaps Invitation to Publish
Chapter 23: Interest-Rate Swaps and Floating Rate Products
Chapter 24: Equity Swaps McGraw-Hill is interested to review your
Chapter 25: Currency Swaps textbook proposals for publication.
Part IV: Interest Rate Modeling Please contact your local McGraw-Hill office or
Chapter 26: The Term Structure of Interest Rates: Concepts email to asiapub@mcgraw-hill.com.
Chapter 27: Estimating the Yield Curve
Chapter 28: Modeling Term Structure Movements Visit McGraw-Hill Education (Asia)
Chapter 29: Factor Models of the Term Structure Website: http://www.mheducation.asia/publish/
Chapter 30: The Heath-Jarrow-Morton and Libor Market Models
Part V: Credit Derivative Products
Chapter 31: Credit Derivative Products
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Finance, Insurance & Real Estate
Contents
Part I Introduction
Ch. 1 Why Are Financial Institutions Special?
Appendix 1A The Financial Crisis: The Failure of Financial Services Financial Institutions
Specialness
Appendix 1B Monetary Policy Tools (online) and Markets
Ch. 2 Financial Services: Depository Institutions
Appendix 2A Financial Statement Analysis Using a Return on Equity
(ROE) Framwork (online)
Appendix 2B Commercial Bank’ Financial Statements and Analysis
(online)
Appendix 2C Depository Institutions and Their Regulators (online)
International edition
Appendix 2D Technology in Commercial Banking (online)
Ch. 3 Financial Services: Insurance NEW *9780078034664*
Ch. 4 Financial Services: Securities Brokerage and Investment
Banking
Ch. 5 Financial Services: Mutual Funds and Hedge Funds FINANCIAL MARKETS &
Ch. 6 Financial Services: Finance Companies
Ch. 7 Risks of Financial Institutions
INSTITUTIONS
Part II Measuring Risk 5th Edition
Ch. 8 Interest Rate Risk I
Appendix 8A The Maturity Model (online) By Anthony Saunders, New York University and
Appendix 8B Term Structure of Interest Rates Marcia Millon Cornett, Bentley University
Ch. 9 Interest Rate Risk II
Appendix 9A The Basics of Bond Valuation (online)
Appendix 9B Incorporating Convexity into the Duration Model
Ch. 10 Market Risk 2012 (September 2011) / 736 pages
Ch. 11 Credit Risk: Individual Loan Risk ISBN: 9780078034664
Appendix 11A Credit Analysis (online) ISBN: 9780071086745 [IE]
Appendix 11B Black-Scholes Option Pricing Model (online)
Ch. 12 Credit Risk: Loan Portfolio and Concentration Risk www.mhhe.com/sc5e
Appendix 12A CreditMetrics Financial Markets and Institutions, 5e offers a unique analysis of
Appendix 12B CreditRisk+ the risks faced by investors and savers interacting through financial
Ch. 13 Off-Balance-Sheet Risk institutions and financial markets, as well as strategies that can be
Appendix 13A A Letter of Credit Transaction (online) adopted for controlling and managing risks. Special emphasis is put
Ch. 14 Foreign Exchange Risk on new areas of operations in financial markets and institutions such
as asset securitization, off-balance-sheet activities, and globalization
Ch. 15 Sovereign Risk
of financial services.
Appendix 15A Mechanisms for Dealing with Sovereign Risk Exposure
Ch. 16 Technology and Other Operational Risks
New to this edition
Ch. 17 Liquidity Risk
Appendix 17A Sources and Uses of Funds Statement, Bank of McGraw-Hill’s Connect Finance. Connect Finance offers a
America, December 2005 (online) number of powerful tools and features to make managing assignments
93
Finance, Insurance & Real Estate
easier, so you can spend more time teaching. Students can engage 12. Commercial Banks’ Financial Statements and Analysis
with their coursework anytime and anywhere, making the learning 13. Regulation of Commercial Banks
process more accessible and efficient. In short, Connect Finance Part IV. Other Financial Institutions
facilitates student learning and optimizes your time and energies, ena- 14. Other Lending Institutions: Savings Institutions, Credit Unions,
bling you to focus on course content, teaching, and student learning. and Finance Companies
Create and deliver online, auto-graded homework assignments, 15. Insurance Companies
quizzes, and tests directly from the end-of-chapter materials or 16. Securities Firms and Investment Banks
test bank. Problems are available as both static and algorithmic 17. Mutual Funds and Hedge Funds
problems. 18. Pension Funds
Students receive immediate, detailed feedback on their assign- Part V. Risk Management in Financial Institutions
ments, allowing them to focus on the areas where they need 19. Types of Risks Incurred by Financial Institutions
improvement. 20. Managing Credit Risk on the Balance Sheet
Questions mapped to AACSB skill areas, Bloom’s Taxonomy levels, 21. Managing Liquidity Risk on the Balance Sheet
and difficulty level enable you to run reports that assess specific 22. Managing Interest Rate and Insolvency Risk on the Balance Sheet
learning outcomes. 23. Managing Risk off the Balance Sheet with Derivative Securities
Pre-built assignments are available to save you set up time. 24. Managing Risk off the Balance Sheet with Loan Sales and Se-
curitization
Connect Plus Finance. This packaging option combines all the
great features of Connect Finance, along with access to an online
version of Financial Markets and Institutions, linked to additional
study features, so that students can easily refer back to the text for
review and guidance.
FINANCIAL MARKET
Extensive new coverage of and features related to the financial By Pok Wee Ching, Mohd Nizal Haniff, Ganisen Sinnasamy, Rashid
crisis of 2008-2009 have been integrated throughout the text. Virtu- Ameer, Sharifah Fadzlon Abdul Hamid
ally every chapter includes new material detailing how the financial 2010 (December 2009) / 350 pages
crisis affected risk management in financial institutions. Examples of ISBN: 9789833850891 [Printed and Sold in Malaysia]
this new coverage include: An Asian Publication
New Appendix 1A describing events leading up to the financial Financial Market is an introductory textbook in the area of finance.
crisis, events occurring at the peak of the crisis, and events associ- The book discusses on various basic topics on Malaysian financial
ated with the aftermath of the crisis, including changes to financial market such investing in shares, bonds and derivatives instruments.
institutions, the impact on the US and world economics, federal fi- It endeavors to provide a clear, simple and practical style of delivering
nancial and fiscal rescue efforts, and proposed regulatory changes. the subject matter to the reader via worked examples, graphs, tables
A new boxed feature, Notable Events from the Financial Crisis, and illustrations. This is to ensure readers have good grasps of the
appears throughout the book. basic principles, theories and practical applications. The book also
includes topics of regional and global importance such as the Asian
Chapter 4 includes discussion of the actions taken by the Federal
Financial Crisis and recent US Subprime Mortgage Crisis to provide
Reserve and other international central banks during and after an understanding of the impact of the crisis to the financial market.
the financial crisis. Another key distinguishing feature of this book is it has included a
Chapters 5 through 10 highlight the effects of the financial crisis chapter about the Malaysian Islamic Capital Market. The discussion
on various financial markets and include discussions of the freez- about the various Islamic financial instruments has been kept simple
ing of commercial paper markets, the municipal default crisis, the without excessive technical and legal jargons. This clearly differenti-
mortgage market meltdown, and the role of credit derivatives in ates it from others on the shelf. The authors hope that the book’s focus
the financial crisis. on easy manner discussion approach to the various financial emerging
Chapter 13 provides a synopsis of the Wall Street Reform and topics would leave the reader intellectually stimulated and satisfied.
Consumer Protection Act of 2010, the FDIC’s attempts to deal
with the liquidity crisis, a discussion of the TARP Capital Purchase
Program, and a review of the new international capital standards
being implemented for depository institutions worldwide.
Several chapters include discussions of major firms that have FINANCIAL MARKET ESSENTIALS
been lost or dramatically altered as a result of the financial crisis, By Christopher Viney
including the failure of Bear Stearns, Lehman Brothers, and AIG; 2010 (November 2010)
conversions of Goldman Sachs, Morgan Stanley, GMAC, and CIT ISBN: 9780070286658
Group to bank holding companies; the failure of Primary Reserve
McGraw-Hill Australia Title
Money Market Funds, and the failure of CIT Group.
Tables and figures in all chapters have been updated to include www.mhhe.com/au/viney_ess1e
the most recent available data. Christopher Viney is firmly established as Australia’s leading textbook
author in Financial Institutions and Markets thanks to his market-
Contents leading title Financial Institutions Instruments & Markets. Now Viney
Part I. Introduction and Overview of Financial Markets has produced a completely new text to provide first year students with
1. Introduction a quality, authoritative product in a package that meets the unique
2. Determinants of Interest Rates needs of a shorter, first year course: Financial Market Essentials.
Financial Market Essentials is a ground-up text from a trusted name,
3. Interest Rates and Security Valuation
specifically designed for use by academics that need a resource for a
4. The Federal Reserve System, Monetary Policy, and Interest Rates 12 week course. It is carefully crafted to cover the essentials without
Part II. Securities Markets omitting important concepts. It strikes the right balance between
5. Money Markets real-world examples and theory, is full of current issues and topical
6. Bond Markets cases and, thanks to Viney’s enthusiasm and style, this is a text that
7. Mortgage Markets really engages students.
8. Stock Markets
9. Foreign Exchange Markets Features
10. Derivative Securities Markets
Comprehensive coverage of globalisation, deregulation, technol-
Part III. Commercial Banks
ogy and competition
11. Commercial Banks: Industry Overview
94
Finance, Insurance & Real Estate
Finance Minutes case studies and chapter on government debt 21 Interest rate swaps, currency swaps and credit default swaps
updated in light of current issues in finance
New chapter on risk management and derivatives
CONTENTS
Ch 1. What is a financial system and how does it work?
Ch 2. Interest rates, monetary policy and the economy Bank Management
Ch 3. Commercial banks and investment banks
Ch 4. Personal finance
Ch 5. Business finance
Ch 6. Corporate finance
Ch 7. The stock exchange
Ch 8. Understanding the share market
International edition
Ch 9. International financial markets
Ch 10. Government debt and the payments system NEW *9780078034671*
Ch 11. An introduction to risk management and derivatives
Ch 12. Case studies in financial crises
BANK MANAGEMENT &
FINANCIAL SERVICES
9th Edition
FINANCIAL INSTITUTIONS, INSTRUMENTS
By Peter S Rose, Texas A&M University and
AND MARKETS Sylvia C Hudgins, Old Dominion University
6th Edition
By Christopher Viney, Deakin University
2009
ISBN: 9780070140899 2013 (February 2012) / 768 pages
McGraw-Hill Australia Title ISBN: 9780078034671
www.mhhe.com/au/viney6e ISBN: 9780071326421 [IE]
95
Finance, Insurance & Real Estate
INTERNATIONAL FINANCIAL
MANAGEMENT
6th Edition
International edition
By Cheol Eun, Georgia Inst of Tech and Bruce G
Resnick, Wake Forest University INTERNATIONAL CORPORATE FINANCE
By Ashok Robin, Rochester Institute Technology
2011 (January 2010) / 512 pages
ISBN: 9780073530666
2012 (March 2011) / 576 pages ISBN: 9780071325868 [IE]
ISBN: 9780078034657 www.mhhe.com/robin1e
ISBN: 9780071316972 [GE] - pub Oct 2011 With the ongoing global economic crisis still taking full effect on today’s
www.mhhe.com/er6e society, International Corporate Finance 1e brings a fresh approach
and perspective on present events. This text focuses on a key player
International Financial Management is written based on two distinct in this financial world: multinational corporations (MNC). By applying
parts: emphasis on the basics and emphasis on a managerial per- general financial concepts and procedures, it explains the conduct
spective. As capital markets of the world become more integrated, a of financial management in MNCs. Because most corporations are
solid understanding of international finance has become essential for either directly or indirectly affected by multinational entities and have
astute corporate decision making. International Financial Manage- a global exposure, a study of MNCH financial management has broad
ment, Sixth Edition, provides students with a foundation for analysis applicability. This new text takes a quantitative approach with an
that will serve them well in their careers ahead. The decision-making emphasis on excel spreadsheets and current examples.
process is presented through the text with the goal of teaching
students how to make informed managerial decisions in an evolv- Contents
ing global financial landscape. International Financial Management
has been completely updated with the most current data tables and Chapter 1: Introduction
statistics in the field today. Chapter 2: International Financial Markets: Structure and Innovation
Chapter 3: Currency and Eurocurrency Derivatives
New to this edition Chapter 4: Currency Systems and Valuation
Chapter 5: Currency Parity Conditions
New and expanded coverage of recent economic developments
Chapter 6: Currency Risk Exposure Measurement
such as the global financial crisis, the sovereign debt crisis of Europe,
Chapter 7: Currency Exposure Management
cross-listing and security regulation, and Basel III capital adequacy
Chapter 8: Capital Budgeting
standards.
Chapter 9: Advanced Capital Budgeting
Application of key concepts through real-world scenarios, il- Chapter 10: Long Term Financing
lustrated by International Finance in Practice boxes, Mini-cases, Chapter 11: Optimizing and Financing Working Capital
and Case Applications. New real-world examples cover topics such Chapter 12: International Alliances and Acquisitions
as hedging, FX market growth, and the danger of currency swaps. Chapter 13: International Trade
Chapter 14: International Taxation and Accounting
Fully updated market data and statistics are integrated through- Chapter 15: International Portfolio Investments
out the text. Some of this includes updated statistical analysis of
international markets and diversification with small-cap stocks.
Contents
Part One: Foundations of International Financial Management INTERNATIONAL FINANCE
Chapter 1: Globalization and the Multinational Firm
An Analytical Approach, 3rd Edition
Chapter 2: International Monetary System
By Imad Moosa, La Trobe University
Chapter 3: Balance of Payments
2009 (November 2009)
Chapter 4: Corporate Governance Around the World
Part Two: The Foreign Exchange Market, Exchange Rate Deter- ISBN: 9780070278516
mination, and Currency Derivatives McGraw-Hill Australia Title
Chapter 5: The Market for Foreign Exchange www.mhhe.com/au/moosa3e
Chapter 6: International Parity Relationships and Forecasting Foreign
Exchange Rates The third edition of Imad Moosa’s International Finance text has been
Chapter 7: Futures and Options on Foreign Exchange significantly updated and revised in this long awaited third edition.
The book is organised by starting with the basic concepts, markets,
Part Three: Foreign Exchange Exposure and Management
institutions and arrangements before moving on to a description of
Chapter 8: Management of Transaction Exposure international financial operations. The book integrates international
Chapter 9: Management of Economic Exposure coverage with appropriate discussions of Australia and the regional
Chapter 10: Management of Translation Exposure context throughout. With a clear and engaging writing style, strong
96
Finance, Insurance & Real Estate
97
Finance, Insurance & Real Estate
International edition Plan & Act - a checklist of action items for students to do while
setting up their financial plan.
NEW *9780073530659* Evaluate - questions that help students analyze the effective-
ness of their plan.
PERSONAL FINANCE An online Goal Tracker at the end of each chapter helps stu-
By Robert Walker, Kirkwood Comm College dents create their own financial plan and align their personal goals
2013 (February 2012) / 704 pages with their finances.
ISBN: 9780073530659
ISBN: 9780071318181 [IE] Worksheets, highlighted at the end of each chapter (and housed
in full online), show students step-by-step how to get financial aspects
This new book offers students a comprehensive and engaging treat- of their lives under control. For example, in Chapter 5, a chapter on
ment of personal finance, while incorporating unique themes, an credit cards, one of the accompanying worksheets guides students
application-driven pedagogy, and a definitive action plan. Unlike other
through how to access a credit report, follow up on inaccuracies, and
texts on the market, it offers a frank and timely discussion of living
within one’s means and incorporating personal values and priorities develop action plans to improve their overall score.
into a personal financial plan. The intent is to help readers set priori- QR Codes allow access to relevant content about current events
ties that guide their finances, rather than the other way around. This
remind students of the broader implications of personal finance.
book establishes a path toward financial freedom that is less about
accumulating wealth and more about building a future tailored to In addition, Personal Finance addresses two persistent course
individual goals. With Walker/Walker, your future looks bright! challenges: how to engage students in the material and how to reach
students who lack the computational skills needed to solve financial
EATURES problems.
Personal Finance focuses on three main goals and themes: re- 1. Engaging Students – To help students become and stay
sponsible financial decision making, alignment of personal and finan- engaged with the variety of personal finance topics in the course,
cial goals, and the importance of maintaining a personal financial plan. the textbook includes:
1. Responsible Financial Decision Making – Before students can Chapter-opening scenarios that make the topics real and relat-
develop their own financial plan, they must understand the key terms, able to student readers. Personal finance is, well, personal. The
concepts, and principles of financial planning. To address that need, chapter-opening scenarios lay the groundwork for the importance of
the text offers a comprehensive table of contents and pedagogical the chapter topic by sharing the stories of real people. These stories
features, providing students with the foundation they need to make illuminate how financial planning (or the lack of) affects people dif-
responsible financial decisions. ferently depending on their age and life situation.
Learning Objectives shape the organization and goals of each In the News boxes, which incorporate current events into the text.
chapter. These objectives link to individual sections of the book and
are referenced in the review and assessment materials, allowing Examples of real-life situations to reinforce concepts and les-
instructors to assign the most important concepts in personal finance sons. These examples are taken from current events, hypothetical
in a deliberate and complete fashion and test students’ mastery of situations, and actual experiences.
that content.
Financial Fitness boxes, which provide additional interesting
Concept checks in the Making Sense boxes at the end of each and useful tips and information about different aspects of financial
section test students’ retention of key content. planning.
Quality end-of-chapter concept questions and quantitative prac- You’re the Expert cases, which are extended problems that put
tice problems, along with a running case for concept application, allow students in hypothetical situations and then ask them to lay out a
additional opportunities for assessment and review. financial plan and solve problems.
2. Alignment of Personal and Financial Goals – Personal Interesting quotes about finance. Students have enjoyed the
Finance sets itself apart from the field by helping students direct Walkers’ quotes and have demonstrated their enthusiasm by sharing
their finances according to their goals. While maximizing wealth new ones, many of which are included in this volume.
may well be in the long-term interests of many, not everyone is
Live and interactive media through the authors’ blog (www.frugal-
going to be wealthy – nor is everyone motivated by the pursuit
funandfinancialfitness.blogspot.com) and Twitter account (@frugal-
of wealth. Similarly, the text examines the value of mindful
finances). Through these resources, students can access additional
spending and emphasizes the importance of living within one’s
articles, tips, and thoughts about finance directly from the authors.
means by living simply, reducing consumption, and budgeting
for a long-term, sustainable financial plan. QR codes, which enable students to use their smartphones to
access relevant, updated content about current events or chapter
Financial Fitness / Stopping Little Leaks boxes give creative and,
quizzes directly from the Walker website.
in some cases, eye-opening tips about how cutting down on small,
unnecessary spending can lead to big savings. 2. Solving Financial Problems – To help students master the
math in personal finance, the text incorporates the following strate-
An online Every Penny Counts spending journal and instructions
gies and tools:
for using it effectively encourages mindful spending.
A detailed explanation of time value of money early in the book
Maintaining a Personal Financial Plan – Students are encour-
(Chapter 2). This allows students time to learn the concept and then
aged to actively assess their relationship with money by including in
move on to applying it throughout the course, in different areas of
every section examples relevant to students’ lives and plans. In this
personal finance.
way, the text teaches students to make and review financial plans
as a lifelong habit.
98
Finance, Insurance & Real Estate
99
Finance, Insurance & Real Estate
100
Finance, Insurance & Real Estate
Chapter 7 Debt. hypothesis, fair value accounting, and the financial rating agencies
PART III PORTFOLIO MANAGEMENT. in precipitating the crisis.
Chapter 8 Non Financial Investments.
The examination of Kraft Foods Corporation’s $23 billion hostile
Chapter 9 Financial Investments.
takeover of British confectioner Cadbury Plc, including the role played
Chapter 10 Risk Management.
by activist investor Nelson Peltz.
PART IV SPECIALIZED PLANNING.
Chapter 11 Other Insurance. Expanded coverage of real options analysis, including decision
Chapter 12 Retirement Planning. trees.
Chapter 13 Educational Planning.
PART V TAX AND ESTATE PLANNING. An update of the empirical evidence on corporate restructuring
Chapter 14 Tax Planning. and shareholder value creation.
Chapter 15 Estate Planning. The use of Sensient Technologies Corporation (SXT), the world’s
PART VI PLANNING ESSENTIALS. largest food and beverage color company, as an extended example
Chapter 16 Stocks, Bonds and Mutual Funds. throughout the book.
Chapter 17 Background Topics.
PART VII INTEGRATED DECISION MAKING. Fresh examples throughout the text, including new company ex-
Chapter 18 Capital Needs Analysis. amples and updated data to keep the text at the forefront of currency.
Chapter 19 Behavioral Financial Planning.
Contents
Chapter 20 Completing the Process.
PART VIII FURTHER SPECIALIZED TOPICS. Part I: Assessing the Financial Health of the Firm
A. Special Circumstances Planning. Chapter 1: Interpreting Financial Statements
B. Career Basics. Chapter 2: Evaluating Financial PerformanceAppendix: International
C. Regulation. Differences in Financial Structure
Appendix A Modern Investment Theory. Part II: Planning Future Financial Performance
Appendix B Employee Benefits. Chapter 3: Financial Forecasting
Appendix C Behavioral Finance-Applications. Chapter 4: Managing Growth
Appendix D Comprehensive Financial Plan-Dan and Laura. Part III: Financing Operations
*Web based Chapter 5: Financial Instruments and Markets
Appendix: Using Financial Instruments to Manage Risks
Chapter 6: The Financing Decision
Appendix: The Irrelevance Proposition
Part IV: Evaluating Investment Opportunities
Chapter 7: Discounted Cash Flow Techniques
Finance for the Appendix: Mutually Exclusive Alternatives and Capital Rationing
Chapter 8: Risk Analysis in Investment Decisions
Non-Financial Managers Appendix: Asset Beta and Adjusted Present Value
Chapter 9: Business Valuation and Corporate Restructuring
Appendix: The Venture Capital Method of Valuation
Appendix A: Present Value of $1
Appendix B: Present Value of an Annuity of $1
Glossary
International edition Suggested Answers to Odd-Numbered End-of-Chapter Problems
NEW *9780078034688*
ANALYSIS FOR FINANCIAL
MANAGEMENT
10th Edition
101
Finance, Insurance & Real Estate
BUSINESS MATHEMATICS
By Zin Ibrahim and Daud Mohamad
2008 / 292 pages
ISBN: 9789833850280
An Asian Publication
Business Mathematics is an introductory text on the practical appli-
cations of mathematics in business. Using examples and exercises,
the book illustrates the derivation of common business applications
like compound interest and annuity. Each section in this book builds
upon concepts from previous sections, thus guiding the reader to a
gradual understanding of the material in its entirety. Although this book
is aimed at students taking business-related courses, non-business
students who want to understand the calculation of financial charges
will also find the book useful.
102
Finance, Insurance & Real Estate
Contents
1. Financial Services: An overview
2. Credit Cards
3. Debit Card
4. Smart Cards
5. Credit Rating
6. Commercial Bill Financing
7. Consumer Finance
8. Hire Purchase Finance
9. Insurance Services
10. Factoring and Forfeiting
11. Leasing-An Overview
12. Accounting and Reporting for Lease
13. Lease Evaluation
103
Finance, Insurance & Real Estate
104
Finance, Insurance & Real Estate
International edition
THEORY OF INTEREST International edition
3rd Edition REAL ESTATE PRINCIPLES
By Stephen Kellison
A Value Approach, 3rd Edition
2009 (February 2008) / 480 pages
By David C Ling and Wayne Archer of University of Florida at Gaines-
ISBN: 9780073382449 ville
ISBN: 9780071276276 [IE] 2010 (October 2009) / 704 pages
www.mhhe.com/kellison3e ISBN: 9780073377322
ISBN: 9780070167131 [IE]
The third edition of The Theory of Interest is significantly revised
and expanded from previous editions. The text covers the basic www.mhhe.com/lingarcher3e
mathematical theory of interest as traditionally developed. The book
is a thorough treatment of the mathematical theory and practical Real Estate Principles: A Value Approach demonstrates how value is
applications of compound interest, or mathematics of finance. The central to virtually all real estate decision-making. Students using Ling
pedagogical approach of the second edition has been retained in the and Archer should finish the course with a value-oriented framework,
third edition. The textbook narrative emphasizes both the importance and a set of valuation and decision making tools that can be applied in
of conceptual understanding and the ability to apply the techniques a variety of real-world situations. The key to making sound investment
to practical problems. The third edition has considerable updates that decision is to understand how property values are created, maintained,
make this book relevant to students in this course area. increased or destroyed. Since the launch of Real Estate Principals:
A Value Approach, 2e significant and lasting changes have come
upon the world of real estate. This is very true in real estate finance
Contents
and capital sources where most of the traditional lenders have been
Chapter 1: The Measurement of Interest transformed or displace, giving way to a radically different set of player
Chapter 2: Solution of Problems in Interest in mortgage finance. There has been change as well with profound
Chapter 3: Basic Annuities and far-reaching implications in a world where it is understandable
Chapter 4: More General Annuities that property values can go down as well as up. This realization will
Chapter 5: Amortization Schedules and Sinking Funds color every aspect of real estate investment, finance and transactions
for the foreseeable future.
Chapter 6: Bond and Other Securities
Chapter 7: Yield Rates
Contents
Chapter 8: Practical applications
Chapter 9: More advanced financial analysis Part 1: Setting the Stage
Chapter 10: The term structure of interest rates Chapter 1: The Nature of Real Estate and Real Estate Markets
Chapter 11: Duration, convexity and immunization Chapter 2: Value and Real Estate Decisions
Chapter 12: Stochastic approaches to interest Part 2: Legal and Regulatory Determinants of Value
Chapter 13: Options and other derivatives Chapter 3: Legal Foundations to Value
APPENDIXES Chapter 4: Conveying Real Property Interests
Appendix A: Table numbering the days of the year Chapter 5: Government Controls and Real Estate Markets
Appendix B: Illustrative mortgage loan amortization schedule Part 3: Market Analysis and Appraisal
Appendix C: Basic mathematical review Chapter 6: Market Determinants of Value
Appendix D: Statistical background Chapter 7: Forecasting Ownership Benefits and Value: Market Re-
Appendix E: Iteration methods search
Answers to the exercises Chapter 8: Valuation Using the Sales Comparison and Cost Ap-
Glossary of notation proaches
Index Chapter 9: Valuation Using the Income Approach
Part 4: Financing Home Ownership
Chapter 10: Real Estate Finance: The Laws and Contracts
Chapter 11: Residential Mortgage Types and Borrower Decisions
Chapter 12: Sources of Funds for Residential Mortgages
Part 5: Brokering and Closing the Transaction
Chapter 13: Real Estate Brokerage and Listing Contracts
Chapter 14: Contracts for Sale and Closing
Part 6: Time, Opportunity Cost and Value Decisions
Chapter 15: The Effects of Time and Risk on Value
Chapter 16: Mortgage Calculations and Decisions
Part 7: Financing and Investing in Commercial Real Estate
Chapter 17: Commercial Mortgage Types and Decisions
Chapter 18: Sources of Commercial Debt and Equity Capital
Chapter 19: Investment Decisions: Ratios
Chapter 20: Investment Decisions: NPV and IRR
Chapter 21: Income Taxation and Value
Part 8: Creating and Maintaining Value
Chapter 22: Enhancing Value through Ongoing Management
Chapter 23: Leases and Property Types
Chapter 24: Development: The Dynamics of Creating Value
105
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106
Title Index
A
Accounting and Bookkeeping: Principles and Practice [Aust] Assoc of Accounting Technicians 62
Accounting: What the Numbers Mean, Revised 2nd Edition [Aust] Marshall 59
B
Bank Management & Financial Services, 9e Rose 95
C
Case Studies in Finance, 6e Bruner 78, 87
107
Title Index
Computer Accounting Essentials using Quickbooks Pro 2012, 6e Yacht 29
Computer Accounting using MYOB Business Software: Version 19.5, 13e [Aust] Neish 31
Computer Accounting with Peachtree by Sage Complete Accounting 2011: Release 19.0, 15e Yacht 30
Computer Accounting with Peachtree Complete 2012: Release 19.0, 16e Yacht 29
Computer Accounting with Quickbooks Pro 2011: MP - wQBPremAccCD, with Student CD, 13e Kay 29
D
Derivatives Sundaram 92
E
Enterprise Information Systems: A Pattern-Based Approach, 3e Dunn 38
Ethical Obligations and Decision-Making in Accounting: Text and Cases, 2e Mintz 46, 62
F
Finance and Investments using the Wall Street Journal Crabb 79
Finance: Applications and Theory, 2e Cornett 68
Financial Accounting: Including International Financial Reporting Standards (IFRS) [Asian] Williams 19
108
Title Index
Financial Institutions Management: A Risk Management Approach, 7e Saunders 93
(IFRS)
109
Title Index
I
Intermediate Accounting with British Airways Annual Report, 6e Spiceland 32
Investment, 2e Hirschey 86
M
M: Finance Cornett 69
P
Peach Blossom Cologne Company, 4e Paul 48
110
Title Index
Principles of Accounting, 19e [Asian Adaptation] Wild 8
Principles of Taxation for Business and Investment Planning: 2012 Edition, 15e Jones 50
Principles of Taxation for Business and Investment Planning: 2013 Edition, 16e Jones 49
R
Real Estate Finance & Investments, 14e Brueggeman 106
S
Schaum’s Easy Outline of Accounting, Revised Edition Lerner 9
T
Taxation in Singapore [Asian] Poh 52
U
Understanding Mutual Funds [India] Shashikant 85
111
Author Index
A
Assoc of Accounting and Bookkeeping: Principles and Practice [Aust] 62
Accounting Technicians
B
Baker Advanced Financial Accounting, 9e 40
Block Foundations of Financial Management with Time Value of Money Card, 14e 72
C
Chan Financial Mathematics for Actuaries [Asian] 102
Cornett M: Finance 69
112
Author Index
D
Deegan Australian Financial Accounting, 6e [Aust] 19
E
Edmonds Fundamental Financial Accounting Concepts, 7e 14
Edmonds Fundamental Financial and Managerial Accounting Concepts with H-D Annual Report 8
F
Firer Fundamentals of Corporate Finance, 5e [UK Adaptation] 71
G
Gabriel Financial Accounting [India] 18
H
Haddock College Accounting: A Contemporary Approach, 2e 35
Hirschey Investment, 2e 86
113
Author Index
Hoyle Advanced Accounting, 11e 38
I
Ibrahim Business Mathematics [Asian] 102
J
Jackling Accounting: A Framework for Decision Making, 3e [Aust] 6
Jones Principles of Taxation for Business and Investment Planning: 2012 Edition, 15e 50
Jones Principles of Taxation for Business and Investment Planning: 2013 Edition, 16e 49
K
Kapoor Personal Finance, 10e 99
Kay Computer Accounting with Quickbooks Pro 2011: MP - wQBPremAccCD, with Student CD, 13e 29
L
Lam Intermediate Financial Reporting: An IFRS Perspective [Asian] 32
M
Marshall Accounting: What the Numbers Mean, 9e 58
Marshall Accounting: What the Numbers Mean, Revised 2nd Edition [Aust] 59
114
Author Index
Mintz Ethical Obligations and Decision-Making in Accounting: Text and Cases, 2e 46, 62
N
Neish Computer Accounting using MYOB Business Software: Version 19.5, 13e [Aust] 31
O
Obiyathulla Financial Derivatives: Markets and Applications in Malaysia, 2e [Asian] 92
P
Parameswaran Futures and Options [Asian] 91
R
Reck Accounting for Governmental and NonProfit Entities, 16e 54
115
Author Index
S
Samad Financial Management for Beginners, 3e [Asian] 75
Shim Schaum’s Quick Guide to Business Finance: 201 Decision-Making Tools for Business, Finance, and 79
Accounting Students
Sundaram Derivatives 92
T
Tan Advanced Financial Accounting, Updated Edition [Asian] 42
V
Viney Financial Institutions, Instruments and Markets, 6e [Aust] 95
116
Author Index
W
Walker Personal Finance 98
Wild Fundamental Accounting Principles: Including International Financial Reporting Standards (IFRS) 5
Williams Financial Accounting: Including International Financial Reporting Standards (IFRS) [Asian] 19
Y
Yacht Computer Accounting Essentials using Quickbooks Pro 2011, 5e 30
Yacht Computer Accounting with Peachtree by Sage Complete Accounting 2011: Release 19.0, 15e 30
Yacht Computer Accounting with Peachtree Complete 2012: Release 19.0, 16e 29
Z
Zimmerman Accounting for Decision-Making and Control, 7e 49, 59
117
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